Offers in region of
£900,000
(£437.32/sq. ft)
Retail premises for sale493 Cambridge Heath Road, Cambridge Heath, London E2
2,058 sq. ft
Freehold
About this property
Fully let investment
Security Shutter
New Glass Shopfront
High Street Location
Income Producing
Currently producing £68,800 per annum reflecting a 7.6% giy
Description
The available accommodation comprises a mixed-use building, featuring a self-contained retail space on the ground and lower ground floors, with two residential flats on the upper levels. The retail premises benefit from ample natural light, excellent transport links, high ceilings, and WC facilities. This property presents an ideal opportunity for investors or developers looking to purchase and enhance its potential.
Location
The property is located on the West side of Cambridge Heath Road near its junction with Hackney Road. An established mixed-use city fringe location, the area has good road access to the city. It is well served by public transport with Bethnal Green Underground Station and Cambridge Heath Road Rail stations within easy reach. Numerous London transport bus services also serve the area.
Viewings
Strictly by appointment only.
Terms
Freehold
Tenure
Tenancy information:
Ground and Basement Retail: 10-year Fri Lease from 21st Nov 2025 - Income £28,000 per annum
1st floor Flat (1 bedroom): 12 month tenancy from 23rd Sept 2024 (currently rolling) - Income £20,400 per annum
2nd floor Flat (1 Bedroom): 12 months tenancy from 23rd Sept 2024 (currently rolling) - Income £20,400 per annum
Total income £68,800 per annum reflecting a giy of 7.67%
The available accommodation comprises a mixed-use building, featuring a self-contained retail space on the ground and lower ground floors, with two residential flats on the upper levels. The retail premises benefit from ample natural light, excellent transport links, high ceilings, and WC facilities. This property presents an ideal opportunity for investors or developers looking to purchase and enhance its potential.
Location
The property is located on the West side of Cambridge Heath Road near its junction with Hackney Road. An established mixed-use city fringe location, the area has good road access to the city. It is well served by public transport with Bethnal Green Underground Station and Cambridge Heath Road Rail stations within easy reach. Numerous London transport bus services also serve the area.
Viewings
Strictly by appointment only.
Terms
Freehold
Tenure
Tenancy information:
Ground and Basement Retail: 10-year Fri Lease from 21st Nov 2025 - Income £28,000 per annum
1st floor Flat (1 bedroom): 12 month tenancy from 23rd Sept 2024 (currently rolling) - Income £20,400 per annum
2nd floor Flat (1 Bedroom): 12 months tenancy from 23rd Sept 2024 (currently rolling) - Income £20,400 per annum
Total income £68,800 per annum reflecting a giy of 7.67%
Mortgage calculator
Monthly repayment
£4,502 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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