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Barking Road, Plaistow E13 Mixed use for sale
Barking Road, Plaistow E13
£550,000
Barking Road, Plaistow E13
£550,000
Our Summary
- * For sale by public auction on 11th December at 12:00 *Location & DescriptionA mid terrace property comprising a ground floor shop with separate front access to seven bed HMO on two upper floors
- Auction Surveyor: Michael Mercer[use Contact Agent Button] [use Contact Agent Button]PRODUCING EQUIVALENT TO £96,600 P
Description
This property is a mid-terrace building located on Barking Road, with a ground floor shop and seven-bedroom HMO on the two upper floors. The shop is currently let on a 5-year lease for £16,800 per annum, while the HMO is let to individual tenants at £11,400 per annum each. The property is situated about a mile from Plaistow underground station and 2 miles from Canary Wharf, with good road links via the A13. The upper floors have an HMO licence for 5 years, expiring in 2027. The property is being sold by public auction on December 11th and is expected to produce an equivalent annual income of £96,600.