7 Mulberry Way - Storefront FOR SALE


London, LND E18 1EB
$800,000 USD
170-820-4301
7 Mulberry Way, London, LND for Sale
$800,000 USD
Storefront - FOR SALE
1/16
null | 6.5% Cap Rate

7 Mulberry Way
London, LND E18 1EB


OVERVIEW

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 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

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$1,521 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

BGL169817

ASK ABOUT THIS PROPERTY

Jason GrantCountrywide Commercial (UK) LimitedMore Info
170-820-4301

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Jason GrantCountrywide Commercial (UK) LimitedMore Info
170-820-4301

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.