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401 Lodge Rd

343 SF 100% Leased Retail Building Hockley B18 5PW $628,599 ($1,833/SF) 6.86% Cap Rate

Investment Highlights

  • 4 x Self Contained Flats To Upper Floors
  • Storage Unit To Rear (May Be Suitable For A Variety of Uses STP)
  • 2 x Retail Shops

Executive Summary

Freehold multi-unit mixed use investment opportunity, with a rental income £2860 pcm / £34,320 p.a
This substantial property comprising of two shops with residential accommodation above and to the rear, plus a sizeable storage unit accessed via the rear, which may be suitable for a variety of uses, commercial and residential STP.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
343 SF
Building Class
B
Year Built
1990
Price
$628,599
Price Per SF
$1,833
Cap Rate
6.86%
NOI
$43,147
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.13
Lot Size
0.06 AC

Amenities

  • Automatic Blinds
  • Storage Space

Nearby Major Retailers

Costa Coffee
HSBC
Costcutter
Starbucks
chaiiwala
Barclays Bank
Tesco Superstore
Roti Modern Mediterranean
Lidl
Ed's Easy Diner Ltd
  • Listing ID: 34240048

  • Date on Market: 12/19/2024

  • Last Updated:

  • Address: 401 Lodge Rd, Hockley B18 5PW

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