COMMERCIAL AND RESIDENTIAL INVESTMENT RETAIL UNIT, WITH SELF CONTAINED RESIDENTIAL UPPER PARTS
This freehold property situated on the north side of Barking Road with East Ham Town Hall opposite. The property is part of a busy retail parade with High Street North being the main shopping area 50 yards to the right. The building is within easy walking distance form East Ham underground station (District and Hammersmith & City Lines), local shopping facilities and is well positioned allowing access to and from the City, A13, A406 North Circular Roads and Docklands.
The shop comprises an open plan area trading as a take-away, with a rear preparation space and separate WCs, offering approx. 970 square footage. The shop also benefits from a basement, 484 square foot. The upper parts comprise a one bed and a two bed flat accessed via a self-contained entrance with street access.
Tenancies & Accommodation: Shop (G/F & Basement): Let to an independent on a 25 year lease from August 2017 with a break option at the end of the 5th year. Rental amount £27,500 Per Annum Flat A (2 Bed): Let to Local Authority on a nightly let at £45 per night. Rental Amount £16,425 Per Annum Flat B (1 Bed): Let to Local Authority on a weekly let at £944.67 per month. Rental Amount £11,336 Per Annum Total Rent Per Annum equaling £55,261.
Gross Yield: 6.14% Business Rates: London Borough of Newham, Interested parties are advised to make their own inquiries with the Local Authority Legal Costs: Each party to bear their own legal costs incurred in the transaction.