Investment Properties for sale in Walthamstow

View the "Freehold Investment Opportunity with B1 Light Industrial Unit and 3 Flats" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Freehold Price: £650,000 Annual Turnover: £48,000
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Business Description
We are delighted to offer on the market this Freehold Investment Opportunity

One B1 light industrial unit currently trading as a garage, 2 x studio
apartments and 1 x 1-Bed apartment.

The sale includes, 123 Forest Road, Walthamstow, E17 6HE: a ground floor, B1
light industrial unit currently trading as a garage with no lease in place but
an agreement to lease has been proposed. There are 2 Studio apartments and 1
one bedroom apartment all included within the sale which are currently let out
on Assured Shorthold Tenancy Agreements. 1 x studio is let at £525 per month, 1
x studio at £500 per month and 1 bed flat at £950 per month. There is also an
Advertising Hoarding on the side of the property of which the agreement has
expired. Previously a new agreement was proposed with Stella for £6,000 rent
per annum. Combined income is currently £48,000 per annum for the entire site
thus making a yield of 7.3%.

Please note planning does not exist for the 2 studio apartments and 1 x one
bedroom apartment. There is only planning for 1 apartment above.

Offers sought in the region of £650,000 'all at' for the Freehold Interest.
Tenure: Freehold

Location Details: Excellent location.

Listed by: London Victoria Properties
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