No longer on the market
This property is no longer on the market
Floorplan
MapMixed use
Under offer
Mixed use
1499
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Total premises area - 1,499 square feet
- Central Leyton location
- Retail unit plus two residential flats
- Total income £39,600 per annum - Representing a gross yield of 6.7 % (before costs)
- Sale price £600,000 for the Freehold interest
- Ideal East London investment opportunity
- Close to Leyton Underground Station
- Current commerical tenant operates a food take-away business
Description
This mixed-use investment property offers one commercial unit plus two one-bedroom flats, all self-contained.
Floor areas comprise: Commercial unit 746 square feet, first floor flat 418 square feet and second floor flat 335 square feet, totalling 1,499 square feet.
The current commercial tenant, who operates a food take-away business, pays a rent of £13,200 per annum and the lease expires in 2031.
Residential floors – The upper floors offer two one-bedroom flats. Each flat produces £13,200 per annum, totalling a residential income of £26,400 per annum.
Therefore, the total income for the property is £39,600 per annum. A sale at £600,000, with an income of £39,600 represents a gross yield of 6.7 %.
The sale is subject to VAT - to be confirmed.
Location
The building is mid-terrace and is within the London Borough of Waltham Forest.
Leyton Underground Station is within easy walking distance, and Leyton High Road (A112) connects to Stratford and the A12.
This section of Leyton High Road has a range of local independent retailers and there is a high density of residential occupiers in close proximity.
Viewings
By appointment with Stirling Ackroyd
This mixed-use investment property offers one commercial unit plus two one-bedroom flats, all self-contained.
Floor areas comprise: Commercial unit 746 square feet, first floor flat 418 square feet and second floor flat 335 square feet, totalling 1,499 square feet.
The current commercial tenant, who operates a food take-away business, pays a rent of £13,200 per annum and the lease expires in 2031.
Residential floors – The upper floors offer two one-bedroom flats. Each flat produces £13,200 per annum, totalling a residential income of £26,400 per annum.
Therefore, the total income for the property is £39,600 per annum. A sale at £600,000, with an income of £39,600 represents a gross yield of 6.7 %.
The sale is subject to VAT - to be confirmed.
Location
The building is mid-terrace and is within the London Borough of Waltham Forest.
Leyton Underground Station is within easy walking distance, and Leyton High Road (A112) connects to Stratford and the A12.
This section of Leyton High Road has a range of local independent retailers and there is a high density of residential occupiers in close proximity.
Viewings
By appointment with Stirling Ackroyd
Property information from this agent
About this agent
Having served our clients for over 30 years, during this time, we have adapted our service to always stay one step ahead. Since setting up shop on Rivington Street in 1986, we have watched and assisted our local communities to grow into the thriving and fashionable hubs you see today.