£1,100,000
(£601.75/sq. ft)
Block of flats for saleBarking Road, London E13
1,828 sq. ft
Just added
About this property
Mixed use freehold investment
Ground floor commercial premises
7-room HMO above
Commercial rent - £15,600 pax
HMO income - £99,600 pa
Total gross income - £115,200 pa
Net income - £108,900 pa
Gross yield 10.47%
Price £1,100,000
The property comprises a ground floor commercial unit together with upper parts arranged as a seven-room HMO, producing two separate income streams and a total gross income of £115,200 per annum.
The ground floor commercial premises are currently occupied and trading as an office at a rent of £15,600 per annum exclusive on a three-year lease.
The upper parts are arranged as a 7-room HMO with shared kitchen, shower room/WC and additional bathroom facilities. The residential accommodation currently produces £8,300 per calendar month, equivalent to £99,600 per annum.
The landlord currently incurs approximate HMO running costs of £6,300 per annum, including gas, electricity, water and council tax. This results in an approximate net income of £108,900 per annum.
At the asking price of £1,100,000, the property reflects an attractive gross yield of approximately 10.47% and an approximate net yield of 9.90%.
The property occupies an established position on Barking Road within a densely populated East London location, with a mixture of commercial, retail and residential uses nearby and good access to local transport links.
The ground floor commercial premises are currently occupied and trading as an office at a rent of £15,600 per annum exclusive on a three-year lease.
The upper parts are arranged as a 7-room HMO with shared kitchen, shower room/WC and additional bathroom facilities. The residential accommodation currently produces £8,300 per calendar month, equivalent to £99,600 per annum.
The landlord currently incurs approximate HMO running costs of £6,300 per annum, including gas, electricity, water and council tax. This results in an approximate net income of £108,900 per annum.
At the asking price of £1,100,000, the property reflects an attractive gross yield of approximately 10.47% and an approximate net yield of 9.90%.
The property occupies an established position on Barking Road within a densely populated East London location, with a mixture of commercial, retail and residential uses nearby and good access to local transport links.
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