020 7377 1555
Mix Residential and commercial investment
Ground floor & basement commercial unit
1 x 2 bed flat
1 x 1 bed flat
High street location
24 / 7 transport link
Ideal investment opportunity
Clarke & Lloyds property consultants are proud to offer this fantastic opportunity to acquire this mixed commerical and residential freehold property in the heart of East ham.The spacious three storey building occupies a prominent location on High street north and is located moments away from East ham station.
The property is ideal for investors and is currently producing a return of £65,800 per annum. The ground floor and basement consists of very good sized A2 retail unit currently occupied by Oakham money lenders. The unti offers prominent shop front, kitchen and WC facilities. The rear of the property provides access to communal external area with staircase leading to the upper floors. The upper floors consists of spacious 1 bed flat, with access to the communal terrace, and spacious 2 bedroom maisonette located over 2 floors.
Rents: Grond floor and basement Shop - Approximately 1,875 sqft. - Retail - 15 years FRI Lease started in March March 2007. Current rental £40,000 per annum. Next rent review in 2017 1st floor - 1 Bed Flat on Assured shorthold tenancy £12,000 per annum ( £1000 pcm) 1st and 2nd floor - 2 Bed masionette on Assured shorthold tenancy £13,800 per annum (£1,150 pcm) TOTAL : £65,800 per annum
East Ham is a densely populated area forming part of the London Borough of Newham and situated 8 miles east of Charing Cross. The property offers excellent transport links from East ham station. Further the area is occupied by a number of high street retailers and restaurants.
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.