High Street Retail Property for sale

High Road, Leytonstone E11


OIRO
£650,000
1,210 ft²

Features

  • Asset Maximisation Opportunity
  • Potential To Extend STPP
  • Prominent Location

Description

Location

The property is conveniently located on High Road Leytonstone between the junctions of Victoria Road and Thorne Close. ½ mile from Maryland railway station and ¾ mile from Leyton underground station (Central line). Westfield Stratford is about a mile away.
Accommodation

A storey semi-commercial property of solid brickwork construction. Ground floor commercial premises with 2 bedroom flat (not inspected) to first floor level. Rear external outbuilding of cavity wall construction arranged as a self-contained 1 bedroom flat
Lease terms

293 High Road (commercial premises at ground floor level and first floor 2 bedroom flat) is held by virtue of a Full Repairing and Insuring (Fri) lease for a term of 15 years commencing 11 November 2011 inside the Security of Tenure provisions of the L&T Act 1954 with 3 yearly upward only rent reviews to market level. We are advised that the current rent passing is £1,600.00 per calendar month i.e £19,200.00 per annum exclusive. R/o 293 High Road Leytonstone is let by way of an AST producing £900.00 pcm i.e £10,800.00 per annum exclusive. The total rent reserved is therefore £30,000.00 per annum exclusive.

Categories

High Street Retail Property
Property reference
CP24210_62