Retail Property (high street) for sale154/ 154a High Street North, London, E6 2HT
Offers in Excess of
986 sq. ft.
- 986 sq ft (91 sq m)
- Use class orders: A1 Shops and C3 Dwelling Houses
East Ham is a densely populated area forming part of the London Borough of Newham and situated 8 miles east of Charing Cross.
The subject property lies on the east side of High Street North (A117) located within a parade of shops between its junction with Lathom Road to the North and Clements Road to the South.
The area comprises of an excellent shopping district with a host of high street multiples, banks and restaurants including KFC, JD, Wilko, Ladbrokes, Greggs, Halifax, amongst others located near to the subject property.
The property lies close to a very busy highway with excellent bus facilities including East Ham Tube station (District & Hammersmith & City) less than 1 minutes walk.
The property comprises a three storey building arranged as a ground floor & basement commercial unit trading as an A1 retail unit with toilet and small yard to rear. There is a separate front access door to the first and second floor 3 bed maisonette.
Billing Authority London Borough of Newham.
Rateable Value: £27,500
Rates Payable (2016/2017): £13667.50
3 bed self-contained flat - band (B) £964.87
CURRENT RENT RESERVE:
£57,250.00 per annum exclusive
We are instructed to seek offers in excess of £975,000 subject to contract and existing tenancies as above, for the freehold interest in the property. A purchase at this level would reflect a Net Initial Yield of 5.51% allowing for purchaser costs at 0.575% and a gross yield of 5.9%.
VAT is NOT applicable to this property.
154 High Street North: Rating C (72)
154A High Street North: Rating E (54)
Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the landlord's abortive costs if the prospective purchaser withdraw from the transaction.
Strictly by appointment through the sole agent.
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