245 Cann Hall Road, Leytonstone, E11 3NL
Mixed use Freehold with 2 bedroom flat upper parts, offering asset management opportunities
Key features
- Freehold, comprising ground floor commercial and self-contained 2 bedroom flat
- Commercial, with outstanding rent review Jan 2025
- Asset management opportunities, including refurb of upper parts
- Total Net Income of £29,240 with opportunity for improvement
- Upper floor, 2 bed flat holding over on expired AST
- 19 minute walk to Forest Gate station offering Elizabeth Line services to City and beyond
Description
Mixed commercial and residential Freehold, in the a mid-terrace in Cann Hall Road opposite Buxton School. The ground floor commercial is let on a lease, inside the Landlord & Tenant Act 1954, at a passing rent of £12,500 per annum, with an outstanding rent review from Jan 2025. The upper parts are arranged as a 2 bedroom flat, producing £1,395pcm holding over on an expired AST. The property offers asset management opportunities for rental growth through refurbishment.
Situated in a busy thoroughfare Cann Hall Road, connect Forest Gate and Leytonstone to the East, to Stratford. The property lies opposite Buxton School and within a 5 minute walk of Wanstead Flats. Forest Gate station, with Elizabeth Line connections to Liverpool Street, Farringdon and beyond is within a 19 minute walk and Wanstead Park on the Overground Suffragette Line is with 15 minutes walk.
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