Shop and Flat Above For Sale in Forest Gate, London

This property is marketed by:
Whozoo

Freehold Mixed Use Property in 49 Upton Lane, London E7 9PA - For Sale £725,000

About the Property

Prominent freehold mixed-use property comprising a 114 sq m (1,227 sq ft) Class E ground floor retail unit, currently holding over and producing £26,160 per annum. Suitable for a wide range of Class E uses including retail, beauty, healthcare and professional services.

The upper parts comprise a 94 sqm (1,012 sqft) three double bedroom flat with separate access, currently producing £20,100 per annum (ERV £24,000 pa). The flat will be sold with vacant possession.

The property currently produces a combined income of £46,260 pa and suits both investors and owner-occupiers. The commercial unit is available subject to the existing holding over tenancy, allowing the purchaser to retain the current income and agree a new lease, or with vacant possession, depending on requirements.

Location

Prominently positioned on Upton Lane in Forest Gate within a busy local parade serving a dense residential catchment. The area benefits from strong roadside prominence, passing traffic and footfall, with a wide range of shops, cafés & local amenities nearby.

Transport

Forest Gate Station (Elizabeth line) is approx. 0.6 miles, providing fast connections to Stratford, Liverpool Street, Farringdon, Paddington & Heathrow Airport. Upton Park Underground Station (District and Hammersmith & City lines) is approx. 0.8 miles. Frequent bus services provide direct links to Stratford, East Ham, Plaistow, Beckton & Walthamstow.

Tenure: Freehold