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5 bed terraced house
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Our Summary
- Potential to further extend into Loft - matching neighbouring property
- 79,200+ Income Stonebridge are pleased to present this freehold mid-terrace mixed-use investment opportunity located on the highly sought-after West Ham Lane, E15
- With potential extend further The asset comprises a ground floor restaurant (trading as Kay Viva African Restaurant & Bar) with three self-contained residential flats above, all income producing
- 2,200 pcm) With potential extend to a Third Floor subject to planning - matching the neighbouring property Let on rent-to-rent arrangement (buyers to undertake due diligence) Total Income Profile Current Passing Rent (Vendor Advised): Location & Connectivity Strategically positioned on West Ham Lane, the property benefits from exceptional connectivity and sustained tenant demand: 0
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Description
The property is a freehold mid-terrace mixed-use building located on West Ham Lane, E15. The ground floor and basement hold a commercial unit let to a restaurant, Kay Viva African Restaurant & Bar, on a 3-year lease from August 2020 with a current rent of £24,000 per annum. Above this are three self-contained residential flats, including a first-floor 1-bedroom flat rented out on a rent-to-rent arrangement for approximately £15,600 per annum, a second-floor 1-bedroom flat with an Assured Shorthold Tenancy (AST) in place with a rent of around £15,000 per annum, and a first-floor 2/3-bedroom flat let on another rent-to-rent arrangement for approximately £26,400 per annum.
The total approximate floor area is 1,744 sq ft. Each of the residences has an EPC rating of C, varying in their valid ratings with some set to expire until 2030/2035.