Mixed use for sale
Property description & features
- Tenure: Freehold
- Freehold Premises with Two Bedroom Flat Above
- Use Class E
- Excellent Location
- Attractive Investment
- Close to Canning Town Station and major bus routes
- Spacious Premises
- Flat is currently let at £1,450pcm (£17,400 per annum)
- Shop is let at £1,550pcm (£18,600 per annum)
- Commercial unit to rear potential rent £1,000pcm (£12,000 pa)
- PROVIDING TOTAL ANNUAL INCOME OF £48,000 per annum
INVESTMENT: A FREEHOLD GROUND FLOOR LOCK UP SHOP with USE CLASS E AND FIRST FLOOR TWO BEDROOM flat spread over two floors, PRODUCING AN INCOME OF £17,400 PER ANNUM but has potential of achieving £21,600 per annum.
A freehold building arranged as a ground floor lock up shop currently let out on a 25-year lease, and this will expire in 2036. Producing an income of £18,600 per annum and next rent review will be in 2025. Situated on top of the retail shop is a two-bedroom flat, which has a tenant in occupation achieving a rental income of £17,400 per annum. The property is set in a great location close to local amenities and shopping parades. Plaistow station and Custom House DLR station are within walking distance.
The flat is currently let at £1,450pcm (£17,400 per annum). The shop is let at £1,550 PCM ( £18,600 per annum ) and commercial unit to rear £1,000 (£12,000 per annum) PROVIDING ANNUAL INCOME OF £48,000.
SHOP:
Total area 93 sq.m
Front area: 9.40m x 3.00m
Back rear room: 4.20m x 3.00m
Side Area: 3.80m x 1.60m
Side rear Room: 4.00m x 1.60m
WC: 3.00m x 1.50m
Rear commercial unit: 10.00mx 4.80m currently unoccupied, can achieve £1,000pcm (£12,000 per annum)
Shop - Energy Rating: E
FLAT:
Total area: 74 sq.m
Lounge: 4.50m x 2.90m
Kitchen: 3.50m x 2.80m
WC: 1.56m x 1.56m
Bedroom One: 5.00m x 4.30m narrowing into 2.82m
Bedroom Two: 3.62m x 2.50m
Bathroom: 3.00m x 1.65m
Flat - Energy Rating: D
For more information and to arrange viewing please call our Commercial Sales Department or leave us an email.
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Notice
Lettings
Stonebridge also offer a professional Lettings and Management Service. If you are considering renting your property, to purchase or are looking at buy to let investments or would like a free review of your current portfolio then please call the lettings manager.
Agents Notes
All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building regulations compliance. These do not constitute or form part of an offer or contract nor may be regarded as representations. All interested parties must themselves verify their accuracy.
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