£725,000
(£323.81/sq. ft)
Retail premises for sale49 Upton Lane, Newham, London E7
2,239 sq. ft
Freehold
About this property
Freehold mixed-use investment
Retail unit plus three-bed flat
Income of £46,260 per annum
Vacant possession of flat
Prominent Forest Gate location
About the Property
Prominent freehold mixed-use property comprising a 114 sq m (1,227 sq ft) Class E ground floor retail unit, currently holding over and producing £26,160 per annum. Suitable for a wide range of Class E uses including retail, beauty, healthcare and professional services.
The upper parts comprise a 94 sqm (1,012 sqft) three double bedroom flat with separate access, currently producing £20,100 per annum (erv £24,000 pa). The flat will be sold with vacant possession.
The property currently produces a combined income of £46,260 pa and suits both investors and owner-occupiers. The commercial unit is available subject to the existing holding over tenancy, allowing the purchaser to retain the current income and agree a new lease, or with vacant possession, depending on requirements.
Location
Prominently positioned on Upton Lane in Forest Gate within a busy local parade serving a dense residential catchment. The area benefits from strong roadside prominence, passing traffic and footfall, with a wide range of shops, cafés & local amenities nearby.
Transport
Forest Gate Station (Elizabeth line) is approx. 0.6 miles, providing fast connections to Stratford, Liverpool Street, Farringdon, Paddington & Heathrow Airport. Upton Park Underground Station (District and Hammersmith & City lines) is approx. 0.8 miles. Frequent bus services provide direct links to Stratford, East Ham, Plaistow, Beckton & Walthamstow.
Prominent freehold mixed-use property comprising a 114 sq m (1,227 sq ft) Class E ground floor retail unit, currently holding over and producing £26,160 per annum. Suitable for a wide range of Class E uses including retail, beauty, healthcare and professional services.
The upper parts comprise a 94 sqm (1,012 sqft) three double bedroom flat with separate access, currently producing £20,100 per annum (erv £24,000 pa). The flat will be sold with vacant possession.
The property currently produces a combined income of £46,260 pa and suits both investors and owner-occupiers. The commercial unit is available subject to the existing holding over tenancy, allowing the purchaser to retain the current income and agree a new lease, or with vacant possession, depending on requirements.
Location
Prominently positioned on Upton Lane in Forest Gate within a busy local parade serving a dense residential catchment. The area benefits from strong roadside prominence, passing traffic and footfall, with a wide range of shops, cafés & local amenities nearby.
Transport
Forest Gate Station (Elizabeth line) is approx. 0.6 miles, providing fast connections to Stratford, Liverpool Street, Farringdon, Paddington & Heathrow Airport. Upton Park Underground Station (District and Hammersmith & City lines) is approx. 0.8 miles. Frequent bus services provide direct links to Stratford, East Ham, Plaistow, Beckton & Walthamstow.
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Monthly repayment
£3,626 per month
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