High Street North, London, E12

Location:
Occupying a prominent corner position at the junction of High Street North & Halley Road, this bustling commercial hub features a variety of shops, eateries, and local businesses. Notably, Hyderabad Paradise, located at this address, is renowned for its authentic Hyderabadi cuisine located in a lively area that combines cultural diversity with a wide range of amenities, making it a notable part of East Ham's community landscape.

It is well-connected by public transport. Several bus routes, including the 101, 104, 147, 238, 300, 325, 376, and 474, serve the area, with multiple stops along the street. The nearest train station is East Ham Station, offering access to the District Line, facilitating convenient travel across London.

Description:
Comprising a Restaurant with basement storage, a banqueting hall, a 1 x 2bed flat and a 1 x 3bed duplex flat both independently rented see rental schedule below:-

Tenure: Freehold subject to existing tenancies, (N.B Full vacant possession may be available)

Tenancy information:
Rental Schedule - 427 High Street North, Manor Park, London E12 6TL

Accommodation
Restaurant & Kitchen 86 m² 15 Years from July 2019 Every 3 years £45,120.00
Banqueting Hall (100 seating) 88 m²
Basement 36.36 m²

Flat above Restaurant 2 Bed Flat 54 m² Yearly AST £17,400.00
Flat above Banqueting Hall 3 Bed Duplex 93 m² Yearly AST £21,000.00
£83,520.00

Price
Guiding at £1,250,000, subject to contract and existing tenancies as above for the freehold interest.
(N.b A purchase at this level will equate to a net investment yield of 6.4% and a gross investment of 6.7%)

VAT:
The property is not elected for VAT