£925,000
(£451.00/sq. ft)
Property for sale157 Bethnal Green Road, London E2
2,051 sq. ft
EPC Rating: E
About this property
Attractive Mixed Use Freehold Building
Ground Floor & Basement Retail Commercial Unit
Two Self-Contained Upper Floor Flats - Studio Flat & One-Bedroom Flat
Total passing income of £62,820.04 per annum
Sale Price £925,000 - Representing a Gross Yield of 6.8% Before Costs
Prominent Position On Bethnal Green Road - Close to Brick Lane & Shoreditch High Street Station
Opportunity to acquire an attractive freehold mixed use investment situated on Bethnal Green Road.
The property comprises a ground floor and basement retail unit together with two self-contained one-bedroom residential flats arranged over the upper floors, producing a total passing income of £62,820 per annum. With 47% derived from the commercial accommodation and 53% from the residential element.
Income Summary:
Commercial Income: £29,500.00 per annum
Residential Income: £33,320.04 per annum
Total Passing Income: £62,820.04 per annum
The basement and ground floor commercial unit is let to a café operator on a lease expiring August 2035 with the next rent review in August 2030, the occupants of the residential flats are in occupation on rolling monthly periodic tenancies.
Location
Bethnal Green Road is one of East London's most established mixed-use destinations, linking Hoxton, Shoreditch, Brick Lane and the City of London. The immediate area is characterised by a diverse mix of independent retailers, cafés, restaurants, galleries and residential developments.
The property benefits from excellent transport connectivity, with Shoreditch High Street London Overground Station both within 5 minutes walk.
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