Barking Road, , Plaistow
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Key features
- Mixed Use Investment Opportunity
- Offered Chain Free
- Two x 2-Bedrom & Two x 1-Bedroom Flats
- Secure Parking
- Substantial Corner Building
- Great Location for Transport, Shops & Schools
- Potential for Further Development (S.T.PP)
- Income £123,200 Per Annum
- Commercial Unit
- Fully Let
Description
A fantastic opportunity to acquire this Freehold mixed-use investment building comprising of four residential flats, a self-contained commercial unit and a secure yard for parking. The entire building is tenanted and currently achieving £123,200 per annum, in our opinion making it a great investment opportunity.
The ground floor commercial unit is currently let to Age concern UK at a rent of £50,000 per annum (negotiations are currently taking place regarding renewal) . The secure car park is let separately at £6,000 per annum and the two x 2-Bedroom and two x 1-Bedroom well-presented flats are achieving £67,200 per annum. There may be the scope to develop this site further, or apply for change of use, subject to the usual planning consents.
The building occupies a corner plot on the busy Barking Road with superb footfall, excellent transport links and a huge range of local amenities. Please contact us for more information or to arrange an inspection. Offers over £1,650,000 are invited for the Freehold interest.
Brochures
Property BrochureEnergy Performance Certificates
Energy Performance CertificateBarking Road, , Plaistow
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Upton Park Station0.7 miles
- Plaistow Station0.6 miles
- East Ham Station1.4 miles
Notes
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