An income-producing, fully let freehold mixed-use investment comprising a ground floor commercial unit with residential accommodation above, arranged over three floors.
The upper parts provide two self-contained flats, comprising one 2-bedroom and one 1-bedroom unit. The property is held freehold and is fully rented, providing an established blended income profile from both the commercial and residential elements.
Location
543 High Road, Leytonstone E11 4PB is positioned on the High Road in Leytonstone, a well-established East London neighbourhood with a strong mix of independent occupiers, local services and residential catchment. The property is well connected, being close to Leytonstone High Road Rail Station (London Overground) and Leytonstone Underground Station (Central line). Regular bus services operate locally, with multiple stops within the immediate vicinity. The A12 and North Circular (A406) are also easily accessible, providing convenient routes across London and to the wider motorway network.
Accommodation
Ground Floor - 40 sq.m (430 sq.ft)
Self-contained 2 bed - 40 sq.m (430 sq. ft)
Self-contained 1 Bed - 40 sq.m (430 sq. ft)
Terms
Tenancy Information - See attached brochure for information.
Price - Offers sought in the region of £600,000, subject to contract and existing tenancies as above for the freehold interest. A purchase at this level will equate to a net investment yield of 6.7% NIY
Legal Costs - Each party to pay for their own legal fees
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, admin cost of £350 + VAT.
Holding Deposit - Tenants wishing to secure this property may be required to pay a holding deposit to Countrywide Commercial of £3000. This deposit is not refundable except if the vendor withdraws, clear title cannot be proven or the tenant’s references, AML, and Credit checks are not acceptable to the landlord. This deposit is held in our client’s account until completion.
Specification
- Freehold
- Fully Rented
- Close to Leytonstone High Road Rail Station (London Overground)
- Individually Rented
- Total income - £41,790 pax
- Price - £600,000 (6.7% NIY)