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£2,900,000

(£414.82/sq. ft)

Retail premises for sale

High Street North, London E6
6,991 sq. ft

£2,900,000

(£414.82/sq. ft)

Retail premises for sale
High Street North, London E6

    • 6,991 sq. ft

About this property

    Location
    East Ham forms part of the London Borough of Newham and is located 7 miles east of the City of London, midway between West Ham and Barking. Road connections are good with the A13 lying to the south and the A406 (North Circular Road) running parallel to the east. East Ham Underground and East Ham Station (District and Hammersmith & City Lines) are both within 250 metres of the property.
    The property is situated on the east side of High Street North, between its junctions with Clements Road and Caulfield Road.
    Occupiers close by include Holland & Barrett, kfc, The Works, HSBC, Wilko, jd Sports and wh Smith amongst many others

    description
    The property is arranged on ground and two upper floors to provide a ground floor supermarket with storage and ancillary accommodation on the first floor. There are two self-contained flats on the second floor.
    The upper floors benefits from planning permission (Ref: 19/01374/ful) for the proposed alteration and construction of first, second and third floor extensions at front and rear elevations to create 3 x two bedroom, 1 x three bedroom and 1 x one bedroom flats including cycle storage and amenity space.

    Accommodation
    The following breakdown indicates the retail area of the unit:
    Floor - description - area sqm - area sqft

    Ground - Retail Space - 365.87 - 3936.8
    First - Internal Storage - 283.9 - 3054.8
    Second Floor - Two Flats
    Total: - 649.77 - 6991.6

    amenities
    Well located freehold shop and residential investment
    Shop let to Iceland Foods Ltd with 3% p.a. Rental increases until 2027 (sublet to current tenants)
    Includes 2 separately let flats with planning permission for the construction of 5 flats above
    Shop accommodation extends to approx. 6,991 sqft
    Located 250 metres from East Ham Underground Station
    VAT is applicable

    services
    Freehold £2,900,000

    outgoings
    Interested parties are advised to confirm the rating liability with the Local Authority.

    VAT
    VAT is applicable

    viewing
    Interested parties are invited to contact the vendor’s sole agents, Monarch Commercial, to arrange a viewing:

    More information

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