Comprising a Restaurant with basement storage, a banqueting hall, 1 x 2 bed flat and 1 x 3 bed duplex flat both independently rented.
Location
Occupying a prominent corner position at the junction of High Street North & Halley Road, this bustling commercial hub features a variety of shops, eateries, and local businesses.
Notably, Hyderabad Paradise, located at this address, is renowned for its authentic Hyderabadi cuisine located in a lively area that combines cultural diversity with a wide range of amenities, making it a notable part of East Ham's community landscape.
Well-connected by public transport. Several bus routes, including the 101, 104, 147, 238, 300, 325, 376, and 474, serve the area, with multiple stops along the street. The nearest train station is East Ham Station, offering access to the District Line facilitating convenient travel across London.
Accommodation
Restaurant & Kitchen - 86 sq m (925 sq ft)
Banqueting Hall (100 seating) - 88 sq m (950 sq ft)
Basement - 36.36 sq m (391 sq ft)
Flat above Restaurant - 54 sq m (581 sq ft)
Flat above Banqueting Hall - 93 sq m (1,001 sq ft)
Terms
Tenure - Freehold subject to existing tenancies
Price - Guiding at £1,250,000, subject to contract and existing tenancies as above for the freehold interest.
(N.b A purchase at the July rent level will equate to a net investment yield of 6.4% and a gross investment of 6.7%)
VAT - The property is not elected for VAT
Legal Costs - Each party to pay for their own legal fees
Tenancy Information - See attached brochure for information
Anti-Money Laundering - Due to recent changes in the Anti Money Laundering regulation, it is now standard procedure to undertake a Personal and Company and general AML checks, admin cost of £350 + VAT.
Holding Deposit - Tenants wishing to secure this property may be required to pay a holding deposit to Countrywide Commercial of £3000. This deposit is not refundable except if the vendor withdraws, clear title cannot be proven or the tenant’s references, AML, and Credit checks are not acceptable to the landlord. This deposit is held in our client’s account until completion.
Specification
- Fully Rented
- 1 x 2 Bed Flat & 1 x 3 Bed Duplex Flat
- Restaurant (86 m² / 925 ft²) with Banqueting Hall (88 m² / 950 ft²)
- Rental Income - £78,720 pax (increasing to £83,520 pax in July 2025)