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.
Location Details: Excellent location.
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