Summary - RAZORS, 309, HORNCHURCH ROAD RM12 4TQ
5 bed 1 bath Mixed Use
Freehold retail and residential asset with immediate rental income and refurbishment potential.
Gross annual rent £63,320 producing 7.04% gross initial yield
A freehold mixed-use investment in Hornchurch offering immediate rental income and a strong gross initial yield of 7.04%. The building comprises a ground-floor retail unit plus three residential flats and an advertising board, producing £63,320 p.a. in current rents. The retail unit is occupied on a tenancy at will; the flats and advertising board are let on short ASTs or licence agreements. VAT is not applicable.
The property sits on a busy junction opposite Tesco Extra, delivering clear footfall and visibility for the ground-floor commercial tenant. Accommodation totals approximately 1,715 sq ft over two storeys with a gated side access and a rear yard/parking area. This suits an investor seeking a hands-on or asset-managed local high-street holding with immediate cashflow and potential to increase value via refurbishment and lease re-gearing.
Practical considerations: the building requires modernisation and some external and internal updating to maximise rental values. Crime in the area is recorded as high and the retail tenant occupies on a tenancy at will, which increases letting risk. The asset’s compact footprint and modest external amenity limit residential uplift without conversion or extension work, and some units are on short fixed-term ASTs.
Overall this is a clear income-led opportunity for an investor comfortable with parade-style retail risk and onsite refurbishment. The location benefits from strong commuter links, local amenities and good broadband and mobile coverage, supporting both retail and residential demand.
High street retail property for sale in 144 & 144a, Hornchurch Road, Hornchurch, RM11 — POA • 1 bed • 1 bath • 2062 ft²
High street retail property for sale in 1100 London Road, Leigh-On-Sea, Essex, SS9 — £175,000 • 1 bed • 1 bath • 807 ft²
High street retail property for sale in Wood Lane, Dagenham, RM8 — £420,000 • 1 bed • 1 bath • 1880 ft²
Commercial property for sale in 656 - 666 Romford Road, Manor Park, London E12 5AQ, E12 — £3,650,000 • 1 bed • 1 bath • 4000 ft²
7 bedroom property for sale in Rare Investment Freehold | Corner Site | Ilford Lane | IG1 — £3,950,000 • 7 bed • 5 bath • 6064 ft²
High street retail property for sale in 621/621a Romford Road, London, E12 — £700,000 • 3 bed • 1 bath • 2758 ft²
