Basic Facts
Property ID:
12844
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Post Updated:
2021-02-08 11:49:08
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Status:
Acquired
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Type:
Residential Retail - other
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Tenure:
Freehold
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Area:
2713 sq ft
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Gross Rent:
£ 50,000
|
Lease Term:
5 yrs from Apr' 18
|
Lease Term Expiry Date:
04/09/23
|
Years left on Lease:
-0.6
|
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