503 Roman Road, London, Tower Hamlets, E3 5LX
- PROPERTY TYPE
Commercial Property
- BEDROOMS
6
- SIZE
Ask agent
Description
Location & Description
The property is located in the heart of Bow at the junction of Roman Road (B119) and Ford Road. It is 50m from the junction with St. Stephens Road, in a mixed residential and commercial area. The property can be reached via the A12 and A11. Victoria Park is 300m to the north and Stratford is 1 mile to the north east. Bow Road and Mile End Tube Stations (District, Hammersmith & Central Lines), are 800m to the south. The property comprises a four storey property, on a rectangular site at the end of a retail/residential parade, and comprises two retail units on the ground floor with bin storage, and four flats (x2 two bedrooms and x2 one bedrooms) over upper floors.
Accommodation
The property comprises:
Ground Floor Unit 1: Taxi Office, two waiting areas, kitchenette, two toilets 564 Sqft (52.4 Sqm)
Ground Floor Unit 3: Treatment room, kitchenette, toilet 272 Sqft (25.3 Sqm)
First & Second Floor: Flat A: One bedroom, living room / kitchen, shower/toilet - 420 Sqft (44 Sqm)
First Floor: Flat B : Two bedrooms, living room/kitchen, bathroom/toilet, storage 517 Sqft (48 Sqm)
Second Floor: Flat C:Two bedrooms, living room/kitchen, bathroom/toilet, storage 517 Sqft (48 Sqm)
Third Floor: Flat D: One bedroom (penthouse), living room/kitchen, shower/toilet, balcony 474 Sqft (44 Sqm)
Tenancy Details
Commercial Unit 1 & 3 - New 10 year lease to Ace Cars Bow Ltd from June 2025 producing £28,200 pa
Flat A - Let on 12 month AST from 22/11/24 producing £17,700 pa
Flat B - Let on 12 month AST from 05/04/25 producing £21,000 pa
Flat C - Let on 10 month AST from 21/11/24 producing £21,900 pa
Flat D - let on 12 month AST from 12/7/24 producing £20,400 pa
Note
1. The commercial lease is over both retail units. Unit 3 has been sublet to Charlie's Angels.
2. Ace Cars Bow Ltd have been in occupation for over 20 years.
3. Tenant of Flat D has expressed a wish to renew the AST (Assured Shorthold Tenancy)
Auction Surveyor : Rob Hills Contact :
COMMERCIAL/RESIDENTIAL INVESTMENT PRODUCING £109,200 PER ANNUM
EPC Rating
Flats A, B, C & D - All are C
Unit 1 & 3 - To be confirmed
Viewing Times
Brochures
Legal Documents503 Roman Road, London, Tower Hamlets, E3 5LX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Mile End Station0.5 miles
- Bow Road Station0.6 miles
- Bow Church Station0.6 miles
Notes
Disclaimer - Property reference 298254. 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 Strettons, Strettons Auctions. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Strettons, Strettons Auctions on 020 3840 3721.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
Map data ©OpenStreetMap contributors.