Sold
Centric Parade, 195-200 High Road, Loughton, Essex
London - M25
dba186
High Street Retail/Shopping Centre£8,660,000
Tenure: Freehold
Tenancy: Multi Let
Investment summary
•Net Initial Yield of 4.6%.
•Reversionary Yield of 5.5%.
•True Equivalent Yield of 5.6%.
•Freehold.
•Total net internal area of 2074.5 sq m (22,330 sq ft).
•Well secured to national retailers.
•Situated in the 100% prime retailing pitch.
•Site area of 0.19 hectares (0.5 acres).
•15 car parking spaces.
•Residential development potential subject to the necessary consents.
•Asset management opportunities including re-gearing leases and instigating rent reviews.