From
£385,000
Property for saleThe Lodge, Hornchurch Road, Hornchurch RM11
About this property
Freehold mixed-use investment comprising of ground floor commercial unit and self-contained two-bedroom flat at 1st floor amounting to an approx. 1,332 sq ft
Ground floor commercial unit let on a 15 year fr&I lease from August 2024 at £18,000 p.a.
Commercial tenancy has a personal guarantee on the lease & rolling rent reviews every 5th year (Upwards only)
First floor flat let on a periodic tenancy at £16,200 p.a.
Large rear garden - offering future development potential (subject to the requisite consents)
Emerson Park train station located an approx. 0.2 miles from the property
8 week completion available
VAT free investment
Investment let at £34,200 p.a. (8.88% giy on guide price)
Auction Sale - 24/11/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Well-located freehold commercial and residential investment. Comprising a ground floor commercial unit with a self-contained one -bedroom flat above and a large rear garden.
Investment let at £34,200 p.a.
Description
Click here for the virtual tour of the commercial unit
Click here for the virtual tour of the residential unit
A freehold mixed-use investment comprising a ground floor commercial unit with a self-contained two-bedroom flat above, extending to approximately 1,332 sq ft in total. The property benefits from a large rear garden which offers future development potential (subject to the requisite consents). The property is conveniently situated approximately 0.2 miles from Emerson Park Station.
Location
The property is situated on Butts Green Road in Hornchurch, in an established mixed residential and commercial area. Emerson Park Station is approximately 0.2 miles away, providing convenient rail connections.
Transport
Emerson Park Station is approximately 0.2 miles away, providing London Overground Liberty line services to Romford and Upminster, with onward connections to the Elizabeth line at Romford and District line at Upminster.
Tenancy
51 Butts Green Road (Commercial unit)
- Let to a private individual (ta Blackloom)
- Let on a 15 year lease from August 2024
- Effective fr&I lease
- Personal guarantee on the lease
- Rolling rent reviews every 5th Anniversary (Upwards only)
- Investment let at £18,000 p.a.
51A Butts Green Road (Residential unit)
- Let to a private Individual
- Let on a periodic tenancy
- Let at £16,200 p.a.
Total rent = £34,200 p.a.
Accommodation
Please refer to the floor plan
An approx. 1,332 sq ft
Mortgage calculator
£1,925 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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