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811 Commercial Rd 1,144 sq ft Retail Property London E14 7HG £850,000 (£743.01/sq ft) 6.42% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Additional income from two residential flats
- Front of property has a listed fascia
- Multi use
EXECUTIVE SUMMARY
The building is configured as a ground floor and basement retail unit plus two self contained flats.
The flats comprise a studio/1-bed flat at the rear of the ground floor and one 1-bedroom flat on the upper first floor.
The ground floor, which is currently trading as a take-away has a Listed facia which is actually at the base of the ground floor frontage.
There is the potential for vacant possession of the ground floor take-away unit by further negotiation.
Located at the eastern section of Commercial Road (A13) – close to the junction with East and West India Dock Road.
The current income for the three units totals £54,600 per annum, consisting of £33,600 per annum for the residential flats and £21,000 per annum for the retail unit.
6.4% Current Gross Yield, before costs.
The flats comprise a studio/1-bed flat at the rear of the ground floor and one 1-bedroom flat on the upper first floor.
The ground floor, which is currently trading as a take-away has a Listed facia which is actually at the base of the ground floor frontage.
There is the potential for vacant possession of the ground floor take-away unit by further negotiation.
Located at the eastern section of Commercial Road (A13) – close to the junction with East and West India Dock Road.
The current income for the three units totals £54,600 per annum, consisting of £33,600 per annum for the residential flats and £21,000 per annum for the retail unit.
6.4% Current Gross Yield, before costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,144 sq ft
Costar Property Class
B
Year Built
1960
Price
£850,000
Price per sq ft
£743.01
Yield
6.42%
NOI
£54,600
Tenancy
Single
Number of Floors
2
Floor To Floor Height
9 ft
Plot ratio
0.81
Total Plot Size
0.03 ac
Frontage
11 ft on Commercial Rd
AMENITIES
- Bus Route
- Signage
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NEARBY MAJOR RETAILERS
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811 Commercial Rd
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