128 High Road
Leyton, London, E15 2BXThe Space
Mixed-use Freehold investment
At a glance
| Property Type | Investments |
| Tenure | For Sale |
| Size | 1,499 sq ft |
| Price | Offers in excess of £600,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been graded as C (72) |
Stratford International
13 mins
Maryland
14 mins
Leytonstone High Road
16 mins
Stratford
17 mins
Leyton
5 mins
Stratford International
13 mins
Maryland
15 mins
Leytonstone High Road
17 mins
Key Points
- Total premises area - 1,499 square feet
- Central Leyton location
- Retail unit plus two residential flats
- Total income £39,600 per annum - Representing a gross yield of 6.7 percent (before costs)
- Sale price £600,000 for the Freehold interest
- Ideal East London investment opportunity
- Close to Leyton Underground Station
- Current commerical tenant operates a food take-away business
Description
This mixed-use investment property offers one commercial unit plus two one-bedroom flats, all self-contained.
Floor areas comprise: Commercial unit 746 square feet, first floor flat 418 square feet and second floor flat 335 square feet, totalling 1,499 square feet.
The current commercial tenant, who operates a food take-away business, pays a rent of £13,200 per annum and the lease expires in 2031.
Residential floors – The upper floors offer two one-bedroom flats. Each flat produces £13,200 per annum, totalling a residential income of £26,400 per annum.
Therefore, the total income for the property is £39,600 per annum. A sale at £600,000, with an income of £39,600 represents a gross yield of 6.7 percent.
The sale is subject to VAT - to be confirmed.
The Location
The building is mid-terrace and is within the London Borough of Waltham Forest.
Leyton Underground Station is within easy walking distance, and Leyton High Road (A112) connects to Stratford and the A12.
This section of Leyton High Road has a range of local independent retailers and there is a high density of residential occupiers in close proximity.
