A development site with full planning permission for 3 x houses and 3 x flats
The houses are 3 bedroom properties with garages and private gardens
The flats comprise of 2 x two bedroom properties and a 1 x one bedroom flat. All flats have garden amenity space.
Each property has its own off street car parking space
Current Passing rent £30,000 from Car wash operator - The current lease has expired and the current tenant is holding over. However there is the potential to negotiate a short extension. This offers the potential purchaser a passing income while they discharge the planning conditions.
Commercial unit located on the Ground and Basement - Investment let at £6,000 per annum
3 flats located on the Ground, 1st and 2nd Floor - Investment let at £28,800 per annum
Some light modernisation could potentially improve the passing rent or alternatively the residential units could be refurbished and sold off as separate units.
Located within close proximity to Upton Park and East Ham underground station
Vacant Ground Floor retail unit in need to modernisation
Approx 590 sqft (measurement taken from the VOA)
Potential to convert to use class E which would allow multiple business uses to trade from the Units. (Subject to the requisite consents including local authority and Freeholders consent and any other consent that we may be unaware of)
Possible Permitted Development rights to convert the unit to C3 residential use (Subject to the requisite consents including local authority and Freeholders consent and any other consent that we may be unaware of)