The property comprises a ground floor shop with a three-bedroom maisonette above situated within a mid-terrace building arranged over ground two upper floors.
Location
The property is situated within an established secondary parade in the regeneration area of East Ham. Nearby multiples include Ladbrokes Plc and numerous established local traders. Transport links are provided by East Ham underground (District Line) and Upton Park (District and Hammersmith and City line).
Accommodation
Approximate gross internal areas below: -
Shop - tenanted
Retail - 25.86 m2 (278.35 sq. ft)
Store - 19.80 m2 (213.12 sq. ft)
Lean to WC - 14.91 m2 (160.49 sq. ft)
Total Area - 60.57 m2 (651.97 sq. ft)
Terms
Shop Lease - The shop is rented to Achus Supermarket Food &Wine supermarket paying £12,000 pax for a term of 16 years from 3rd June 2020 with a rent review every 4th year in June 2023.
Flat - tenanted - Duplex 3 bed maisonette comprising, Reception, three bedrooms, Kitchen, bathroom with WC & wash basin arranged over first & second floor levels.
Rented on an AST at £1600 pcm
Total income for Shop & Flat - £31,200 pax
Tenure - Freehold
Price - Offers are sought in the region of £595,000, subject to contract
Legal Costs - Each party to pay their own cost.
GDPR - General Regulations (GDPR) took effect on 25 May 2018.
As a business we must have a lawful basis to process personal data, and therefore we require your written consent to hold your personal data on our files.
Anti-Money Laundering - Due to recent changes in the Anti Money Laundering regulation, it is now standard procedure to undertake a Personal and Company and general AML checks.
Specification
- Prominent Position
- Shop let out at £12,000 pax
- Rent review June 2023
- 3 Bed Maisonette at £1600 pcm
- Freehold
- Ideal Investment
- Total income £31,200 pax