High street retail property for sale £650,000

Description

LOCATION
The property is conveniently located on High Road Leytonstone between the junctions of Victoria
Road and Thorne Close. ½ mile from Maryland railway station and ¾ mile from Leyton
underground station (Central line). Westfield Stratford is about a mile away.

ACCOMMODATION
2 storey semi-commercial property of solid brickwork construction. Ground floor commercial
premises with 2 bedroom flat (not inspected) to first floor level. Rear external outbuilding of cavity
wall construction arranged as a self-contained 1 bedroom flat.

LEASE TERMS
293 High Road (commercial premises at ground floor level and first floor 2 bedroom flat) is held by
virtue of a Full Repairing and Insuring (FRI) lease for a term of 15 years commencing 11 November
2011 inside the Security of Tenure provisions of the L&T Act 1954 with 3 yearly upward only rent
reviews to market level. We are advised that the current rent passing is £1,600.00 per calendar
month i.e £19,200.00 per annum exclusive.
R/o 293 High Road Leytonstone is let by way of an AST producing £900.00 PCM i.e £10,800.00 per
annum exclusive.
The total rent reserved is therefore £30,000.00 per annum exclusive.