Retail Property (high street) for sale175 High Street North
1,175 sq. ft.
- 1,175 sq ft (109 sq m)
- Mixed use freehold investment in busy London suberb
- Tenant on FRI terms in fully refurbished unit, with self contained modernised 2 bed maisonette and additional 1 bed flat access
- Total income of £65,800 per annum exclusive
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 lies on the east side of High Street North and is located within a parade of shops. This is an excellent shopping district with a host of high street multiples, banks and restaurants. There are very good local transport links 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 and basement A2 retail unit trading as money lender with staffroom, WC and kitchen to the rear. There is a separate rear access via the estate service road leading to communal external stairs providing access to a 1st floor terrace with separate doors entry to self-contained 1 bed flat and a 2 bed maisonette as well as direct access to the rear of the commercial unit.
|Gross Internal Area|
|Floor||sq ft||sq m||Current Rent||Next rent review|
|Shop - Retail||1714.88||109.15||£40,000 pa||2017|
|Shop - Basement||158.55||14.73|
|1 Bed Flat||353.10||32.80||£1000 pcm|
|2 Bed Maisonette||628.82||58.42||£1,150 pcm|
Lease Terms - Retail Unit & 2 Bed Maisonette
Retail Unit - 15 years FRI Lease with effect from 12th March 2007 with a 5yr upward only rent review.
2 Bed Maisonette - Assured shorthold tenancy of 12 months with effect 1st October 2015
Current Rent Reserve
£65,800 per annum
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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