31 High Street North, East Ham, London, E6 1HS
FREEHOLD COMMERCIAL INVESTMENT WITH FURTHER DEVELOPMENT POTENTIAL
Thursday, 29th October 2020 12:00pm
A three storey terraced building comprising a ground floor shop together with 2 x 2 bedroom self contained flats accessed to the rear of the property. Located on the west side of this busy High Street parade with numerous multiple occupiers nearby including Costa , Tesco express, Primark, Warren James, Barclays Bank & Santander. East Ham underground station (district line) is within walking distance along with Barking Road.
Ground Floor Shop: 1,333 sq ft (123.85 sq m)
First Floor Flat: Living room, 2 bedrooms, kitchen, bathroom/toilet
Second Floor Flat: Living room, 2 bedrooms, kitchen, bathroom/toilet
The ground floor is subject to a repairing and insuring lease to Sportswift Limited (t/a Card Factory) for 10 years from 14.01.2011 at a current rent of £50,000 p.a.
The first floor flat is subject to an AST for 12 months from 23.8.20 at a rent of £1,145 pcm
The Second floor flat is subject to an AST for 12 months from 11.12.19 at a rent of £1,095 pcm
EQUIVALENT TO £76,880 P.A
There is potential to create 3 further flats at the rear of the building as per the adjacent property (subject to planning permission).
Ground Floor: C
First Floor Flat: D
Second Floor Flat: D
Auction Surveyor: Sam Harborne
Contact: 020 8509 4414