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Mile End Road, London, Greater London. E1

£1,300,000 5 bedrooms 6 bathrooms

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  • Freehold building producing 6.4% yield
  • Ground floor and basement commercial unit
  • Four flats
  • One 2 bedroom flat
  • Three 1 bedroom flats
  • Prime location on Mile End Road
  • Close to Stepney underground station
  • Additional information
  • Reception Rooms 4
  • Parking No

Full description

This building is located in a prime location on Mile End Road close to Stepney Green tube station. The property comprises a ground floor and basement commercial unit, which is currently a restaurant, and four flats on the first and second floors.

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Let from July 2008 for a term of 20 years, subject to a rent review 2025. The current rent is £22,000 per annum.

Flat A: Approx. 57 sq m
One bedroom let on an AST at £1,213.33 pcm

Flat B: Approx. 57 sq m
One bedroom let on an AST at £1,200 pcm

Flat C: Approx. 49 sq m
One bedroom let on an AST at £1,300 pcm

Flat D: Approx. 63 sq m
Two bedroom let on an AST at £1,425 pcm

Total annual income is £83,659.96.

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