Mixed Use Premises Investment, 322 Burdett Road, Tower Hamlets, E14 7DL

An opportunity to purchase a freehold mixed-use property in a busy location in the London Borough of Tower Hamlets.

The property comprises a ground floor shop with a basement and 3 x 1 bedroom flats above. The flats are all occupied with the exception of the 2nd floor flat which is currently vacant. The flats are collectively generating an income of £26,400 per annum. The commercial premises measures 906 sqft and is let at £32,000 per annum with the lease expiring in 2027. The total income is £58,400 not including the 2nd floor flat. When fully occupied the property was achieving £70,340 per annum.

Unconditional offers in the excess of £1,050,000 are invited and viewings can be arranged upon request.

Location

The property is located in the heart of East London and sits 10 minutes walk from Canary Wharf. The property has frontage to Burdett Road and provides access to various shops and takeaways in the immediate vicinity. Other local amenities include Mile End Park which is 0.4 miles away and sits on the northern part of the property with various activities accessible to the public. Shoreditch and the City are both a short 10-minute journey by car via the A11.

Westferry Station is 0.4 miles away which provides access to the DLR line.  Limehouse Station is 0.5 miles away and provides access to the overground and DLR Line. London City Airport sits on the eastern part of the property and is only 11 minutes drive away, accessible via A1261.

Accommodation

Size - 1,953 sq ft

Terms

Tenure - Freehold

Price - £1,050,000

Specification

• Unbroken mixed-use three storey property for sale, comprising a ground floor commercial with 3 x 1 bedroom flats.
• Generating an income of £58,400 per annum with an ERV of £70,000.
• Excellent transport amenities nearby including Limehouse Station.