Guide price
£330,000
(£532.26/sq. ft)
Retail premises for saleChatsworth Road, London E5
620 sq. ft
About this property
Virtual freehold investment
The property is located on Chatsworth Road, near to the junction with Glenarm Road. The street has improved over the years to provide a selection of established brands and boutique operators. Locally, the area is predominantly residential and benefits from being situated approximately 600 metres from Homerton Station.
Neaby amenities include Homerton University Hospital and Hackney Marshes.
Description
The unit is arranged over ground floor and basement, with a half landing in between where the kitchenette is. The basement has good ceiling height and is currently used as trading space for treatment rooms by the tenant.
Tenure
999 years long leasehold at a peppercorn ground rent.
Price
Offers in the region of £330,000, which represents a Net Initial Yield of 8.04%, after deducting purchaser’s costs.
Building Type
Class E use.
VAT
The premises are not elected for VAT.
Tenancy info
Address - 45 Chatsworth Road
Tenant - Individual
Use - Class E
Size -
252 sq ft Ground floor
34 sq ft Half landing
334 sq ft Basement
27 sq ft Basement storage"
Lease start - 12/08/2017
Lease end - 11/08/2032
Next review - 12/08/2027
Rent - £27,500 per annum exclusive
Neaby amenities include Homerton University Hospital and Hackney Marshes.
Description
The unit is arranged over ground floor and basement, with a half landing in between where the kitchenette is. The basement has good ceiling height and is currently used as trading space for treatment rooms by the tenant.
Tenure
999 years long leasehold at a peppercorn ground rent.
Price
Offers in the region of £330,000, which represents a Net Initial Yield of 8.04%, after deducting purchaser’s costs.
Building Type
Class E use.
VAT
The premises are not elected for VAT.
Tenancy info
Address - 45 Chatsworth Road
Tenant - Individual
Use - Class E
Size -
252 sq ft Ground floor
34 sq ft Half landing
334 sq ft Basement
27 sq ft Basement storage"
Lease start - 12/08/2017
Lease end - 11/08/2032
Next review - 12/08/2027
Rent - £27,500 per annum exclusive
Mortgage calculator
Monthly repayment
£1,650 per month
Whole of market comparison
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