Roman Road, Bow

- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold mixed-use investment opportunity
- Comprising of a Barber shop and two residential units
- Commercial tenant in situ with existing licence
- Self-contained one-bedroom flat above the shop
- Separate rear mews house with balcony
- Current total income of £51600 per annum
- Development Potential Subject to planning consents
- Potential total income of approximately £63,000 per annum
- 7.11% current yield and 8.68% potential reversionary yield
Description
An excellent opportunity to acquire a versatile mixed-use freehold investment property, comprising a ground-floor commercial shop, a self-contained one-bedroom flat above and a separate two-bedroom mews house to the rear. The residential flat and rear mews house benefit from a separate communal entrance, providing independent access away from the commercial premises. A small courtyard or patio area provides additional external space and access towards the rear mews house.
The ground-floor retail premises is currently occupied by a commercial tenant under a 5-year licence commencing 1 May 2025, with a rent review after 24 months. The current rent is £850 per calendar month with the review therefore due around May 2027, On the First floor there is a self-contained one-bedroom residential flat let at £1,500 per calendar month commencing on 24th January 2025, at the rear there is a separate self contained two-bedroom mews house let at £1,950 per calendar month commencing on 20th February 2025. The property currently generates a combined income £51,600 per annum. It has potential to produce approximately £1,250 per calendar month for the commercial unit, £1,800 per calendar month for the one bed flat and £2,200 per calendar month for the two-bedroom flat a potential combined income of £63,000 per annum.
Ideally suited to private investors and property portfolio buyers, the property offers the opportunity to acquire three distinct income-producing units under a single freehold title. The commercial premises will be sold with existing commercial tenancy under licence, which will remain in place following completion. The residential properties are preferably to be sold subject to existing tenancies, allowing an incoming purchaser to benefit from rental income from completion, subject to the agreed terms of sale.
Further Potential and Asset Enhancement
In addition to the existing income-generating potential, the property may offer scope for development improvement, refurbishment or future enhancement, subject to the necessary planning permissions, consents and regulatory approvals. Such opportunities could allow an incoming purchaser to add value to the property, improve the overall accommodation and potentially enhance rental income streams over time. This provides an attractive proposition for investors seeking not only an established mixed-use investment, but also the potential for future capital growth and improved returns.
The combination of commercial and residential accommodation may appeal to investors looking to broaden their property holdings while benefiting from multiple rental sources. Further details regarding the existing tenancies, licence arrangements, rental income and investment performance are available upon request.
Property Information
Tenure: Freehold
Commercial accommodation: Ground-floor shop
Commercial occupation: Existing tenant and lease
Residential accommodation: One-bedroom flat and two-bedroom mews house
Residential occupation: Preferably sold subject to existing tenancies
EPC rating: D
Viewings: Strictly by appointment
Further Information
For additional details regarding the existing commercial lease, residential tenancy arrangements, current rental income and other investment particulars, please contact our commercial sales team.
Brochures
Full Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Visit our security centre to find out moreDisclaimer - Property reference 12922196. 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 Look Property Services Ltd, Bow. 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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