Another Investment Sold in Days
On behalf of our clients Amsprop, Kingsbury’s agency team were appointed to dispose of a freehold building situated within the affluent suburb of Loughton, Essex.
The building, which has recently undergone a full program of refurbishment, is occupied by two tenants including the winner of the BBC’s 2013 series of the The Apprentice, Dr. Leah.
Producing £55,000p.a., the property’s prominent location just off Loughton’s High Road and the potential to extend or redevelop the building in the future made it an attractive investment opportunity, appealing to a variety of investors.
Following two viewing days, a number of offers were received and contracts exchanged at a price reflecting a 7.0% net initial yield, with completion of the transaction 5 days later.
If you are considering a sale of your investment opportunity, please contact Jordan Oldfield on 020 7183 2529 or jordan.oldfield@kingsbury-consultants.co.uk
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- Sale
- Sold for £775,000
- 14 York Hill Essex Loughton IG10 1RL
- Yoga Studio and Cosmetic Skin Clinic Investment
- Income producing £55,000 per annum
- Prime location in affluent area
- 7.0% Net Initial Yield achieved
“
Kingsbury have successfully advised me on various sales from property in the core City of London to various suburban London freeholds. They have always delivered excellent results.
Daniel Sugar
Amsprop