Comprising a retail unit on the ground floor and basement commercial areas together with a 3-bed maisonette accessed from the rear via a private walkway
Location
Situated in a suburban area within the London Borough of Redbridge on the southside of Mulberry Way (B168), close to the junction of George Lane & close to South Woodford Underground Station on the Central Line, providing convenient access to central London. The area is known for its mix of residential and commercial spaces, including shops, cafes, and local businesses along George Lane and around the station area. At the end of Mulberry Way there is Convenient access to A406 which links to the M11 & M25 motorways.
Accommodation
Gross Internal Area - 2,013 sq ft (187.1 sq m)
Terms
Tenure: Freehold subject to existing tenancies
Price: Offers sought in the region of £800,000, subject to contract and existing tenancies as above for the freehold interest. A purchase at this level will equate to a net investment yield of 6.24% and a gross investment of 6.5%
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
Specification
- Freehold
- Fully Rented
- Opposite Sth Woodford Train Station
- Individually Rented
- Total income - £52,000 pax
- Price - £800,000