Shop & Uppers, East Ham, Greater London
London house/High St North, East Ham, London E6 1HZ, UKBasic Facts
| Property ID: 12844 | Post Updated: 2021-02-08 11:49:08 |
| Status: Acquired | Type: Residential Retail - other |
| Tenure: Freehold | Area: 2713 sq ft |
| Gross Rent: £ 50,000 | Lease Term: 5 yrs from Apr' 18 |
| Lease Term Expiry Date: 04/09/23 | Years left on Lease: -0.7 |
| VAT applicable: No |
Property Description
- Freehold mixed-use investment with add-value potential in London.
- The property comprises a ground floor shop and residential uppers arranged over first and second floors (with rear access).
Location Description
- The property is situated in East Ham and located in a prominent trading position on the west side of the High Street in East Ham.
- It is a district of the London borough of Newham, with a population is 76,186.
- East Ham is located some 8 miles from (12.8 km) east of Charing Cross.
- Nearby occupiers include JD Sports, Boots, W.H. Smith and Betfred.
Tenancy & Additional Notes
- Entirely let on a FRI lease to Hutchison 3G UK Limited from 4th Sept 2018 for a term of 5 years at a passing rent of £50,000 p.a.
- There was a break option on the 4th April 2020 which was not exercised.
Features
£500k - £1m
Blue-chip tenant
Finance available
Freehold
No VAT applicable
Residential element
Value-Add Potential
