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371 Roman Rd 527 sq ft Retail Property London E3 5QR £475,000 (£901.33/sq ft)
INVESTMENT HIGHLIGHTS
- End of terrace commercial unit at ground floor and 1 bedroom flat at 1st floor
- Victoria Park an approx. 0.3 miles from the property
- Ground floor coffee shop let on a new 10 yr lease from Jan 2025 at £24,000 p.a.
- VAT free investment
- 1 Bedroom flat let on an AST at £20,400 p.a.
- Investment let at £44,400 p.a. (9.34% GIY on guide)
- Planning granted for a roof top extension to convert the flat into a 2 bed flat
EXECUTIVE SUMMARY
Lot 77 is available for sale at Savills' to be held on 2nd July 2025.
The property comprises an investment
The asking price is £475,000 representing a gross initial yield of 9.34%.
The property is a two storey end of terrace building comprising of a commercial unit on the ground floor and a self contained one bedroom flat at first floor. Planning permission has been granted for a roof top mansard extension which will allow the 1 bedroom flat at first floor to be converted into a 2 bedroom flat. Roman Road is home to a wide range of Boutique and well established independent retailers. Victoria Park is also located an approx. 0.3 miles from the property.
The property comprises an investment
The asking price is £475,000 representing a gross initial yield of 9.34%.
The property is a two storey end of terrace building comprising of a commercial unit on the ground floor and a self contained one bedroom flat at first floor. Planning permission has been granted for a roof top mansard extension which will allow the 1 bedroom flat at first floor to be converted into a 2 bedroom flat. Roman Road is home to a wide range of Boutique and well established independent retailers. Victoria Park is also located an approx. 0.3 miles from the property.
PROPERTY FACTS Under Offer
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront
Property Size
527 sq ft
Costar Property Class
B
Year Built
1897
Price
£475,000
Price per sq ft
£901.33
Tenancy
Single
Number of Floors
2
Plot ratio
0.70
Total Plot Size
0.02 ac
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Gina's of the Roman
- -
- -
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Gina's of the Roman | - | - | - | - |
1 1
NEARBY MAJOR RETAILERS
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371 Roman Rd
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