£900,000
Retail premises for sale
Property photos
Freehold
Offers in region of
£900,000
(£437.32/sq. ft)
Retail premises for sale
493 Cambridge Heath Road, Cambridge Heath, London E22,058 sq. ft
Local area information
Property location
Nearby amenities
- Mowlem Primary School 0.1 miles
- Cambridge Heath 0.1 miles
- St John's Church of England Primary School 0.3 miles
- Bethnal Green 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Bethnal Green, London Fields and Globe Town to find out more about the local area.
Features and description
- Freehold
- Fully let investment
- Security Shutter
- New Glass Shopfront
- High Street Location
- Income Producing
- Currently producing £68,800 per annum reflecting a 7.6% giy
Description
The available accommodation comprises a mixed-use building, featuring a self-contained retail space on the ground and lower ground floors, with two residential flats on the upper levels. The retail premises benefit from ample natural light, excellent transport links, high ceilings, and WC facilities. This property presents an ideal opportunity for investors or developers looking to purchase and enhance its potential.
Location
The property is located on the West side of Cambridge Heath Road near its junction with Hackney Road. An established mixed-use city fringe location, the area has good road access to the city. It is well served by public transport with Bethnal Green Underground Station and Cambridge Heath Road Rail stations within easy reach. Numerous London transport bus services also serve the area.
Viewings
Strictly by appointment only.
Terms
Freehold
Tenure
Tenancy information:
Ground and Basement Retail: 10-year Fri Lease from 21st Nov 2025 - Income £28,000 per annum
1st floor Flat (1 bedroom): 12 month tenancy from 23rd Sept 2024 (currently rolling) - Income £20,400 per annum
2nd floor Flat (1 Bedroom): 12 months tenancy from 23rd Sept 2024 (currently rolling) - Income £20,400 per annum
Total income £68,800 per annum reflecting a giy of 7.67%
The available accommodation comprises a mixed-use building, featuring a self-contained retail space on the ground and lower ground floors, with two residential flats on the upper levels. The retail premises benefit from ample natural light, excellent transport links, high ceilings, and WC facilities. This property presents an ideal opportunity for investors or developers looking to purchase and enhance its potential.
Location
The property is located on the West side of Cambridge Heath Road near its junction with Hackney Road. An established mixed-use city fringe location, the area has good road access to the city. It is well served by public transport with Bethnal Green Underground Station and Cambridge Heath Road Rail stations within easy reach. Numerous London transport bus services also serve the area.
Viewings
Strictly by appointment only.
Terms
Freehold
Tenure
Tenancy information:
Ground and Basement Retail: 10-year Fri Lease from 21st Nov 2025 - Income £28,000 per annum
1st floor Flat (1 bedroom): 12 month tenancy from 23rd Sept 2024 (currently rolling) - Income £20,400 per annum
2nd floor Flat (1 Bedroom): 12 months tenancy from 23rd Sept 2024 (currently rolling) - Income £20,400 per annum
Total income £68,800 per annum reflecting a giy of 7.67%
More information
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