Guide price
£1,275,000
Retail premises for sale503 Roman Road, London, Tower Hamlets E3
Auction
Freehold
About this property
For sale by auction 10/07/2025 postponed until September auction
freehold residential and commercial investment producing £109,200 per annum
Location & Description
The property is located in the heart of Bow at the junction of Roman Road (B119) and Ford Road. It is 50m from the junction with St. Stephens Road, in a mixed residential and commercial area. The property can be reached via the A12 and A11. Victoria Park is 300m to the north and Stratford is 1 mile to the north east. Bow Road and Mile End Tube Stations (District, Hammersmith & Central Lines), are 800m to the south. The property comprises a four storey property, on a rectangular site at the end of a retail/residential parade, and comprises two retail units on the ground floor with bin storage, and four flats (x2 two bedrooms and x2 one bedrooms) over upper floors.
Accommodation
The property comprises:
Ground Floor Unit 1: Taxi Office, two waiting areas, kitchenette, two toilets 564 Sqft (52.4 Sqm)
Ground Floor Unit 3: Treatment room, kitchenette, toilet 272 Sqft (25.3 Sqm)
First & Second Floor: Flat A: One bedroom, living room / kitchen, shower/toilet - 420 Sqft (44 Sqm)
First Floor: Flat B : Two bedrooms, living room/kitchen, bathroom/toilet, storage 517 Sqft (48 Sqm)
Second Floor: Flat C:Two bedrooms, living room/kitchen, bathroom/toilet, storage 517 Sqft (48 Sqm)
Third Floor: Flat D: One bedroom (penthouse), living room/kitchen, shower/toilet, balcony 474 Sqft (44 Sqm)
Tenancy Details
Commercial Unit 1 & 3 - New 10 year lease to Ace Cars Bow Ltd from June 2025 producing £28,200 pa
Flat A - Let on 12 month AST from 22/11/24 producing £17,700 pa
Flat B - Let on 12 month AST from 05/04/25 producing £21,000 pa
Flat C - Let on 10 month AST from 21/11/24 producing £21,900 pa
Flat D - let on 12 month AST from 12/7/24 producing £20,400 pa
Note
1. The commercial lease is over both retail units. Unit 3 has been sublet to Charlie's Angels.
2. Ace Cars Bow Ltd have been in occupation for over 20 years.
3. Tenant of Flat D has expressed a wish to renew the AST (Assured Shorthold Tenancy)
Auction Surveyor : Rob Hills Contact : Commercial/residential investment producing £109,200 per annum
EPC Rating
Flats A, B, C & D - All are C
Unit 1 & 3 - To be confirmed
freehold residential and commercial investment producing £109,200 per annum
Location & Description
The property is located in the heart of Bow at the junction of Roman Road (B119) and Ford Road. It is 50m from the junction with St. Stephens Road, in a mixed residential and commercial area. The property can be reached via the A12 and A11. Victoria Park is 300m to the north and Stratford is 1 mile to the north east. Bow Road and Mile End Tube Stations (District, Hammersmith & Central Lines), are 800m to the south. The property comprises a four storey property, on a rectangular site at the end of a retail/residential parade, and comprises two retail units on the ground floor with bin storage, and four flats (x2 two bedrooms and x2 one bedrooms) over upper floors.
Accommodation
The property comprises:
Ground Floor Unit 1: Taxi Office, two waiting areas, kitchenette, two toilets 564 Sqft (52.4 Sqm)
Ground Floor Unit 3: Treatment room, kitchenette, toilet 272 Sqft (25.3 Sqm)
First & Second Floor: Flat A: One bedroom, living room / kitchen, shower/toilet - 420 Sqft (44 Sqm)
First Floor: Flat B : Two bedrooms, living room/kitchen, bathroom/toilet, storage 517 Sqft (48 Sqm)
Second Floor: Flat C:Two bedrooms, living room/kitchen, bathroom/toilet, storage 517 Sqft (48 Sqm)
Third Floor: Flat D: One bedroom (penthouse), living room/kitchen, shower/toilet, balcony 474 Sqft (44 Sqm)
Tenancy Details
Commercial Unit 1 & 3 - New 10 year lease to Ace Cars Bow Ltd from June 2025 producing £28,200 pa
Flat A - Let on 12 month AST from 22/11/24 producing £17,700 pa
Flat B - Let on 12 month AST from 05/04/25 producing £21,000 pa
Flat C - Let on 10 month AST from 21/11/24 producing £21,900 pa
Flat D - let on 12 month AST from 12/7/24 producing £20,400 pa
Note
1. The commercial lease is over both retail units. Unit 3 has been sublet to Charlie's Angels.
2. Ace Cars Bow Ltd have been in occupation for over 20 years.
3. Tenant of Flat D has expressed a wish to renew the AST (Assured Shorthold Tenancy)
Auction Surveyor : Rob Hills Contact : Commercial/residential investment producing £109,200 per annum
EPC Rating
Flats A, B, C & D - All are C
Unit 1 & 3 - To be confirmed
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