Retail premises for sale

Location:
Situated in a suburban area within the London Borough of Redbridge on the southside of Mulberry Way (B168), close to the junction of George Lane & close to South Woodford Underground Station on the Central Line, providing convenient access to central London. The area is known for its mix of residential and commercial spaces, including shops, cafes, and local businesses along George Lane and around the station area. At the end of Mulberry Way there is C
Convenient access to A406 which links to the M11 & M25 motorways.

Description:
Comprising a retail unit on the ground floor and basement commercial areas together with a 3-bed maisonette accessed from the rear via a private walkway

Tenure: Freehold subject to existing tenancies

Tenancy information:
7 Mulberry Way, E18
Hexagon Plumbing & Electrical Ltd
Ground - 79.5 m2
Basement - 9.9 m2
10 Year Fri from 1st April 2023
£22,000 pax Rent review Apr-28

1st & 2nd Floor
7a Mulberry Way E18
Mr. Iqrar Khan of Orbital Homes Ltd
Self-Contained 3 bed maisonette
AST July 2023
£30,000 pax (£2500 pcm)

Total Combined rental income - £52,000 pax

Price
Offers sought in the region of £800,000, subject to contract and existing tenancies as above for the freehold interest. A purchase at this level will equate to a net investment yield of 6.24% and a gross investment of 6.5%

VAT:
The property is not elected for VAT