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Rarely Available Freehold Investment in E1 4UN

Guide Price
£1,650,000

Business rates & charges may apply

Nationwide Residential & Commercial Limited, Commercial
SECTOR
Commercial property for sale

Key features

  • Ideal Investment
  • Available Immediately

Property description

Nationwide Residential & Commercial are delighted to offer for sale this investment which includes a Shop, 3 x one bedroom self contained flats and a 1 x two bedroom seld contained flat - Freehold

Location
The property is situated along the busy Mile End Road (A11) and close to Whitechapel Station.  Shoreditch is also within easy reach. 

Accommodation
Comprising a shop premises with lower level storage and seating as well as 4 self contained flats ( 1x 2 bed and 3 x 1 bed) laid out over lower ground, ground, first and second floors.

Schedule of Tenancies
Shop
Let from July 2008 for a term of 20 years, subject to a final upward only rent review 2025.  Current rent is £22,000 pax. There is no Break option.

Flats
Three one bedroom flats currently let and producing £45,239 pax and the two bedroom flat currently being marketed t £1,250 pcm.  

Total Income
Therefore, the total expected income will be £82,239.

Price
£1.65m, subject to contract for the freehold  interest.

Viewing
Strictly by appointment through the sellers agent Nationwide Residential & Commercial on .

Rarely Available Freehold Investment in E1 4UN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stepney Green Station0.3 miles
  • Whitechapel Station0.4 miles
  • Bethnal Green (Mainline) Station0.4 miles

About Nationwide Residential & Commercial Limited, Commercial

200 High Road, Woodford Green, IG8 9EG

More properties from Nationwide Residential & Commercial Limited, Commercial

Notes

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Disclaimer - Property reference 693. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nationwide Residential & Commercial Limited, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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