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Retail Property (high street) for sale

175 High Street North

Under Offer POA
1,175 sq. ft.

Property Description

Commercial information

  • 1,175 sq ft (109 sq m)

Key features

  • 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

Full description

Tenure: Freehold

Location

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.

Description

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  
Floorsq ftsq mCurrent RentNext rent review
Shop - Retail1714.88109.15 £40,000 pa 2017
Shop - Basement158.5514.73  
1 Bed Flat353.1032.80 £1000 pcm 
2 Bed Maisonette628.8258.42 £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

Legal Costs

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.

Viewings

Strictly by appointment through the sole agent.


More information from this agent

Map & Street View

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