Non quoting
Property for sale48 Leytonstone Road, London E15
1,462 sq. ft
Just added
Freehold
About this property
Recently built within the last 7 years an attractive mixed use commercial / residential building
Opportunities for Asset Management and income enhancement
Subject property located less than a mile to Queen Elizabeth Olympic Park
Attractive Investment Return
Description
The property comprises a broadly rectangular 5 story brick built concrete frame building arranged as 4 commercial units on the ground floor and 9 self-contained 1,2 and 3 bed flats to the upper floors. Three of the commercial units face directly onto Leytonstone Road, whilst the fourth commercial unit and the entrance to the flats face Bow Street. All of the commercial units benefit from modern Aluminium shop
fronts and are fitted out to a high standard internally. There is a separate bin room to the rear of the building. The flats are referred to collectively as “chelsea court” and are laid over 1st, 2nd, third and fourth floors. The communal areas are well presented with carpeting to the floors, plaster and painted wall surfaces including fire and smoke alarms including self operating smoke vent on the top floor. The flats and commercial units are served by all main utilities to include water, electric, gas and air conditioning etc. There is also a bicycle and bin chamber for the flats including an internal lift to access all of the upper floor
Location
Stratford is a major district in the London Borough of Newham, in East London. It is about 4 miles North East of the City of London and is one of Newham’s main commercial, transport and retail centres. Stratford has become one of London’s most significant regenerations and growth since hosting the 2012 Summer Olympics. Stratford is widely regarded as one of London’s best connected transport hubs. Stratford Station is approximately 0.8 miles South of the subject premises providing access to London Underground (Central and Jubilee Lines), Elizabeth Line, London Overground, Docklands Light Railway, Greater Anglia rail services and Stansted Express Connections. Stratford International high speed train to St Pancras (7 minutes) to St. Pancras Eurostar.
Situation
The subject block is situated on the east side of Leytonstone Road at its junction with Bow Street approximately 0.3 miles North of Maryland Station (Elizabeth Line), and 0.7 miles to the east of Stratford International Station and 0.8 miles to the north of Stratford tube and mainline station.
Leytonstone Road runs in a Southerly direction into Stratford Town Centre whilst heading in a northerly direction it merges to form High Road Leytonstone heading towards Leytonstone approximately 2.7 miles distance. There are a number of diverse range of residential, shops, restaurants in the surrounding vicinity
Price And Proposal
We are instructed to seek offers for the freehold interest (subject to the existing tenancies) offers in excess of £550,000 (Five Hundred
Fifty Thousand Pounds) subject to contract and section 5 (a) notices. A purchase at this level reflects an attractive net initial yield of
6.02% after deduction of purchaser costs of 6%.
VAT
The property is not elected for VAT
EPC
Available on request
The property comprises a broadly rectangular 5 story brick built concrete frame building arranged as 4 commercial units on the ground floor and 9 self-contained 1,2 and 3 bed flats to the upper floors. Three of the commercial units face directly onto Leytonstone Road, whilst the fourth commercial unit and the entrance to the flats face Bow Street. All of the commercial units benefit from modern Aluminium shop
fronts and are fitted out to a high standard internally. There is a separate bin room to the rear of the building. The flats are referred to collectively as “chelsea court” and are laid over 1st, 2nd, third and fourth floors. The communal areas are well presented with carpeting to the floors, plaster and painted wall surfaces including fire and smoke alarms including self operating smoke vent on the top floor. The flats and commercial units are served by all main utilities to include water, electric, gas and air conditioning etc. There is also a bicycle and bin chamber for the flats including an internal lift to access all of the upper floor
Location
Stratford is a major district in the London Borough of Newham, in East London. It is about 4 miles North East of the City of London and is one of Newham’s main commercial, transport and retail centres. Stratford has become one of London’s most significant regenerations and growth since hosting the 2012 Summer Olympics. Stratford is widely regarded as one of London’s best connected transport hubs. Stratford Station is approximately 0.8 miles South of the subject premises providing access to London Underground (Central and Jubilee Lines), Elizabeth Line, London Overground, Docklands Light Railway, Greater Anglia rail services and Stansted Express Connections. Stratford International high speed train to St Pancras (7 minutes) to St. Pancras Eurostar.
Situation
The subject block is situated on the east side of Leytonstone Road at its junction with Bow Street approximately 0.3 miles North of Maryland Station (Elizabeth Line), and 0.7 miles to the east of Stratford International Station and 0.8 miles to the north of Stratford tube and mainline station.
Leytonstone Road runs in a Southerly direction into Stratford Town Centre whilst heading in a northerly direction it merges to form High Road Leytonstone heading towards Leytonstone approximately 2.7 miles distance. There are a number of diverse range of residential, shops, restaurants in the surrounding vicinity
Price And Proposal
We are instructed to seek offers for the freehold interest (subject to the existing tenancies) offers in excess of £550,000 (Five Hundred
Fifty Thousand Pounds) subject to contract and section 5 (a) notices. A purchase at this level reflects an attractive net initial yield of
6.02% after deduction of purchaser costs of 6%.
VAT
The property is not elected for VAT
EPC
Available on request
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