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Barking Road, Plaistow, E13 Mixed use for sale
Barking Road, Plaistow, E13
£825,000
Barking Road, Plaistow, E13
£825,000
Our Summary
- INVESTMENT: A FREEHOLD GROUND FLOOR LOCK UP SHOP with USE CLASS E AND FIRST FLOOR TWO BEDROOM flat spread over two floors, PRODUCING AN INCOME OF £17,400 PER ANNUM but has potential of achieving £21,600 per annum
Description
This is a freehold property consisting of a ground floor lock-up shop and a two-bedroom flat above, located in a great area with local amenities and transportation links nearby. The shop is currently let on a 25-year lease, producing an income of £18,600 per annum, with a next rent review in 2025. The flat is also let, generating £17,400 per annum, and the rear commercial unit has potential to achieve £12,000 per annum. The property has a total annual income of £48,000 and offers a unique investment opportunity. The shop has an energy rating of E, while the flat has a rating of D. The property is available to view, and the letting agent also offers a professional lettings and management service for those considering renting or investing in property.