7 The Pantiles
839 SF 100% Leased Retail Building Billericay CM12 0UA $252,042 ($300.41/SF) 9.23% Cap Rate
INVESTMENT HIGHLIGHTS
- Established Retail Parade
- Heavy day time foot fall
- Full of Natural Light
EXECUTIVE SUMMARY
The property comprises a single storey retail unit located on The Pantiles which is a retail complex serving a well populated residential
area in Billericay. Other occupiers include Boots (opposite corner) and the Co-Op. The complex benefits from a customer's car park with free parking for up to two hours.
These premises are trading as a florist and are hold on a FRI commercial lease expiring in May 2028.
Our client holds these premises on a head lease for a period of 99 years with effect from 24th June 1985. Ground rent details on request.
area in Billericay. Other occupiers include Boots (opposite corner) and the Co-Op. The complex benefits from a customer's car park with free parking for up to two hours.
These premises are trading as a florist and are hold on a FRI commercial lease expiring in May 2028.
Our client holds these premises on a head lease for a period of 99 years with effect from 24th June 1985. Ground rent details on request.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
839 SF
Year Built
1960
Price
$252,042
Price Per SF
$300.41
Cap Rate
9.23%
NOI
$23,265
Percent Leased
100%
Building Height
1 Story
Building FAR
0.08
Lot Size
0.23 AC
Frontage
88’ on The Pantiles
AMENITIES
- Bus Line
- Energy Performance Rating - D
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
