Investments/Development Opportunities,Leytonstone,E11 3AJ,A1
0 sq ft ( 0 sq m)
Size: 0Sq ft | Property Type: Investments/Development Opportunities Tenure: Freehold | Area: Leytonstone | Postcode: E11 3AJ
Bennett Phillips Luton
199a High Road
STRICTLY PRIVATE & CONFIDENTIAL
High Road Leytonstone E11 3AJ
Rare opportunity with development potential (STP)
Part Income Producing Shop, Large self-contained 3 bed flat, Studio & Yard
Comprising a 3 storey property laid out to provide a shop with basement, very large self-contained 3 bedroom flat & a studio flat located to the rear of the ground floor. The shop extends to approximately 365sq ft & has access to a dry, full height & well maintained basement of approx 450sq ft which also has GCH connected. The flat is accessed directly from the High Road & provides 2 x double bedrooms, a good size kitchen / diner, large lounge & WC on the first floor with a further very large double bedroom & over-sized family bathroom on the 2nd floor. The flat has double glazed windows, GCH, is carpeted throughout & has been well maintained by the tenant. The studio measures approx 240sq ft & is accessed from the rear of the property & comprises one open plan area along with a separate kitchen & shower room plus WC. Externally there is a timber store (not measured), & parking for 2/3 cars within a yard which is accessed via a well maintained service road. Tenancies & Rental Incomes Derived. Shop & Flat – Let to the same tenant who is ‘holding over’ on a separate short term Commercial Lease & an AST. The tenant has been in occupation since May 2016 & has stated a wish to enter into a Lease on the shop / shop & basement whilst being prepared to vacate the flat if required. The rental income on the shop is currently £13,200pa inc of utilities, the flat produces £20,400pa. The combined income is therefore £33,600pax. Studio - Full vacant possession will be provided upon completion.
• Within a short walk of Leytonstone (Central Line) Station. • Excellent road connection within very close proximity to the (A12). • Close to national Occupiers. • Development Opportunity (STP) to convert the upper parts to 2 flats & extend at the rear. • Retail tenant has declared an interest to enter into a new Lease.
BUSINESS RATES RELIEF UPDATE 2022/2023More
The Government has today released the proposed changes to the Use Classes Order which relates to land within England onl..More