Barking Road, Plaistow Mixed use for sale

>

Barking Road, Plaistow Mixed use for sale

Barking Road, , Plaistow
£1,650,000

Our Summary

  • Investment Opportunity
  • The entire building is tenanted and currently achieving £123,200 per annum, in our opinion making it a great investment opportunity
  • There may be the scope to develop this site further, or apply for change of use, subject to the usual planning consents
  • Mixed Use Investment Opportunity
  • Potential for Further Development (S

Description

This investment opportunity presents a freehold mixed-use building comprising four residential flats, a self-contained commercial unit, and a secure parking yard. The entire property is tenanted, generating £123,200 per annum, with the ground floor commercial unit let to Age Concern UK and the residential flats achieving £67,200 per annum. The property occupies a corner plot on the busy Barking Road, with excellent transport links and local amenities. The building offers potential for further development or change of use, subject to planning consents. Offers over £1,650,000 are invited for the freehold interest, making it a great investment opportunity for those looking to diversify their portfolio.