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.

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S Martin (Feb 2013)
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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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