157 Bethnal Green Road

At a glance

Key Points

• Attractive Mixed Use Freehold Building
• Ground Floor & Basement Retail Commercial Unit
• Two Self-Contained One-Bedroom Upper Floor Flats
• Total passing income of £62,820.04 per annum
• Sale Price £925,000 - Representing a Gross Yield of 6.8% Before Costs
• Prominent Position On Bethnal Green Road - Close to Brick Lane & Shoreditch High Street Station

Description

Opportunity to acquire an attractive freehold mixed use investment situated on Bethnal Green Road.

The property comprises a ground floor and basement retail unit together with two self-contained one-bedroom residential flats arranged over the upper floors, producing a total passing income of £62,820 per annum. With 47% derived from the commercial accommodation and 53% from the residential element.

Income Summary:
Commercial Income: £29,500.00 per annum
Residential Income: £33,320.04 per annum
Total Passing Income: £62,820.04 per annum

The basement and ground floor commercial unit is let to a café operator on a lease expiring August 2035 with the next rent review in August 2030, the occupants of the residential flats are in occupation on rolling monthly periodic tenancies.

Available area

The accommodation comprises the following areas:

The Location

Bethnal Green Road is one of East London's most established mixed-use destinations, linking Hoxton, Shoreditch, Brick Lane and the City of London. The immediate area is characterised by a diverse mix of independent retailers, cafés, restaurants, galleries and residential developments.

The property benefits from excellent transport connectivity, with Shoreditch High Street London Overground Station both within 5 minutes walk.