Ground Floor / Upper Flat Investment Property For Sale in Leytonstone

This property is marketed by:
Strettons

Mixed-Use Freehold Property | For Sale £500,000

245 Cann Hall Road, Leytonstone, E11 3NL Property For Sale - Overview 

Mixed use Freehold with 2 bedroom flat upper parts, offering asset management opportunities

Key Features

• Freehold, comprising ground floor commercial and self-contained 2 bedroom flat
• Commercial, with outstanding rent review Jan 2025
• Asset management opportunities, including refurb of upper parts
• Total Net Income of £29,240 with opportunity for improvement
• Upper floor, 2 bed flat holding over on expired AST
• 19 minute walk to Forest Gate station offering Elizabeth Line services to City and beyond

Mixed-Use Freehold 245 Cann Hall Road, Leytonstone - Property Description

Mixed commercial and residential Freehold, in the a mid-terrace in Cann Hall Road opposite Buxton School. The ground floor commercial is let on a lease, inside the Landlord & Tenant Act 1954, at a passing rent of £12,500 per annum, with an outstanding rent review from Jan 2025. The upper parts are arranged as a 2 bedroom flat, producing £1,395pcm holding over on an expired AST. The property offers asset management opportunities for rental growth through refurbishment.

Leytonstone - Location Summary 

Situated in a busy thoroughfare Cann Hall Road, connect Forest Gate and Leytonstone to the East, to Stratford. The property lies opposite Buxton School and within a 5 minute walk of Wanstead Flats. Forest Gate station, with Elizabeth Line connections to Liverpool Street, Farringdon and beyond is within a 19 minute walk and Wanstead Park on the Overground Suffragette Line is with 15 minutes walk.