Summary - 159, KINGS ROAD CM14 4EG
28 bed 1 bath Mixed Use
High-yield town-centre block with consented development potential.
0.1 miles from Brentwood station (Elizabeth Line) for direct city access
Freehold mixed-use block: 4 shops and 28 self-contained studios
Total ERV £338,192 per annum; current passing rent £267,500pa when let
Planning permission for two extra floors creating eight additional flats
Three retail units let; 145 Kings Road currently vacant (ERV £20,000pa)
Residential units let to named occupiers until 2027 — limited immediate reversion
Low capital value £373 psf; quoted reversionary yield 11.27%
Urban plot with no private garden; likely refurbishment and active management required
This substantial freehold mixed-use block in central Brentwood comprises four retail units at ground floor and 28 self-contained studio flats above, a compact, income-producing asset located 0.1 miles from Brentwood (Elizabeth Line). The property currently produces a passing rent of £267,500pa once the vacant shop is let, with an ERV of £338,192pa and a reversionary yield of 11.27%.
Planning consent is in place to add two extra floors delivering eight additional flats (4 x 2-bed, 4 x 1-bed), creating clear value through uplift and a residual airspace valuation already attributed in the asking price. The building’s low capital value of £373 psf and quoted yields (8.92% at the asking level once fully let) will appeal to investors seeking a repositioning opportunity with near-term development upside.
Important practical points: three of the four retail units are let, with 145 Kings Road vacant (ERV £20,000pa). The 28 residential units are currently let to named occupiers until 2027, which secures current income but may limit immediate rental reversion until lease expiry. The property occupies an urban plot with no private external amenity and will require ongoing management and likely refurbishment to optimise rents and capitalise on the planning consent.
Overall, this is a pragmatic, high‑potential investment for a purchaser comfortable with active asset management and refurbishment to drive value from consented development, tenant turnover and retail letting.
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