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Mixed use Investment For Sale

For sale: £1,500,000.00|Retail, Flat, General Retail, Mixed Use, Residential, Other Property Types & Opportunities

Property details

FOR SALE£1,500,000.00
ADDRESS422 Roman Road, Bow, London E3 5LU
TYPERetail, Flat, General Retail, Mixed Use, Residential, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd December 2022

Description

Location
The property is situated on Roman Road within a parade of retail units that serve the highly populated local community. There is a good mixture of retailers, restaurants and bars close by along with many residential houses and flats. Victoria Park is approx. 0.5 miles away, transport links are excellent too, having various bus routes along Roman Road along with Mile End (Central, hammersmith and City and District Lines) and Bow Road (Hammersmith & City and District Lines) stations are located approx. 0.7 miles away.

Description
The property comprises a ground floor shop trading as a Dessert Parlour, self-contained flat on the ground floor arranged as 3 ensuites bedrooms with a kitchen/Diner, 2 beds flat on the 2nd floor and studio on the top floor.

Schedule of tenancies and approximate gross internal areas below: -
422 - Shop - tenanted
Ground floor 21.18 m2 234.65 sq. ft
Basement Office 14.93 m2 160.71 sq. ft
Total Area 36.11 m2 388.68 sq. ft

Shop Lease
The shop is rented to Sugar Snacks Dessert paying £14,400 pax for a term of 10 years from October 2017 with no further rent reviews.

422a 1st floor Flat – Rented as an AST exp 7th Sept 2023 at £1595.00 pcm (net to LL) £1425.00
Arranged as a 2-bed flat (46 m2 / 495.14 sq. ft) 0 comprising, 2 bedrooms, bathroom and kitchen/diner.

422b Ground floor flat – Rented as an AST until 31st Oct 2025 at £2,600 pcm
Arranged as HMO (65 m2 / 700 sq. ft) having 3 double Bedrooms all ensuite and a separate Kitchen/Diner.

422c Top floor flat – Rented as an AST exp 15th June 2023 at £1200 pcm
Arranged as a studio flat (40m2 / 430 sq. ft) with separate kitchen and bathroom

Total income for Shop & Flat - £77,100 pax
(Photos available upon request)

Tenure
Freehold

Price
Offers are sought in the region of £1,500,000, subject to contract.

Location

marker
Location: 422 Roman Road, Bow, London E3 5LU

Mile End (0.5 miles)

Bow Road (0.6 miles)

Stepney Green (0.9 miles)

Bow Church (0.7 miles)

Hackney Wick (0.8 miles)

Pudding Mill Lane (0.9 miles)

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