Barking Road, Plaistow, Newham, London

**MIXED-USE FREEHOLD INVESTMENT – £1,100,000**

Countrywide Commercial are pleased to offer this high-yielding mixed-use freehold investment situated on Barking Road, London E13.

The property comprises a ground floor commercial unit together with upper parts arranged as a seven-room HMO, producing two separate income streams and a total gross income of **£115,200 per annum**.

The ground floor commercial premises are currently occupied and trading as an office at a rent of **£15,600 per annum exclusive** on a three-year lease.

The upper parts are arranged as a **7-room HMO** with shared kitchen, shower room/WC and additional bathroom facilities. The residential accommodation currently produces **£8,300 per calendar month**, equivalent to **£99,600 per annum**.

The landlord currently incurs approximate HMO running costs of **£6,300 per annum**, including gas, electricity, water and council tax. This results in an approximate net income of **£108,900 per annum**.

At the asking price of **£1,100,000**, the property reflects an attractive **gross yield of approximately 10.47%** and an **approximate net yield of 9.90%**.

The property occupies an established position on Barking Road within a densely populated East London location, with a mixture of commercial, retail and residential uses nearby and good access to local transport links.

**Investment Highlights**

* Mixed-use freehold investment
* Ground floor commercial premises
* 7-room HMO above
* Commercial rent: **£15,600 pa**
* HMO income: **£99,600 pa**
* Total gross income: **£115,200 pa**
* Approximate net income: **£108,900 pa**
* Asking price: **£1,100,000**
* Gross yield: **10.47%**
* Approximate net yield: **9.90%**

Further tenancy and financial information is available to bona fide interested parties upon request.

Viewing strictly by appointment through sole agents **Countrywide Commercial**.