248 High Road, Leyton, E10 5PW
Mixed use two-storey Freehold close to Leyton Underground Station offering asset management opportunities for rental growth
Key features
- Mixed commercial and residential freehold, comprising shop and 2 flats
- Ground floor shop let at £25,000pax, subject to a 10 year lease from 2023 and 4 year review pattern (next review April 2027)
- Within a 5 minute walk of Leyton tube station (Central Line services)
- The residential upper parts are offered with full vacant possession upon completion
- Asset management opportunities including refurbishment of uppers to improve potential rental income
Description
An unbroken mixed use building arranged as retail at ground and two residential apartments above. The retail property is let subject to a 10 year lease, inside the Landlord & Tenant Act, from 2023. There is a rent review in 2028. The upper parts comprise 1 x studio flat and 1 x one bedroom flat and are offered vacant. The flats had previously been generating a total of £26,000pa income, with opportunity to improve rental return by way of refurbishment.
Situated on prominent parade on High Road Leyton, close to Leyton Underground Station. The surrounding area has a high density of retail and leisure and is densely populated. Leyton High Road is popular local shopping destinations and many national retailers are represented nearby including Tesco, Iceland, Savers, Poundstretcher, Costa, Domino's & KFC. There are easy access road links to Central London via A104 and A10, as well as underground connection via Leyton underground station.
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