548 Barking Rd

INVESTMENT: A FREEHOLD GROUND FLOOR LOCK UP SHOP with USE CLASS E AND FIRST FLOOR TWO BEDROOM flat spread over two floors, PRODUCING AN INCOME OF £19,800 PER ANNUM but has potential of achieving £21,600 per annum.
A freehold building arranged as a ground floor lock up shop currently let out on a 25-year lease and this will expire in 2036. Producing an income of £18,600 per annum and next rent review will be in 2025. Situated on top of the retail shop is a two-bedroom flat, which has a tenant in occupation achieving a rental income of £19,800 per annum. The property is set in a great location close to local amenities and shopping parades. Plaistow station and Custom House DLR station are within walking distance.
The flat is currently let at £1,650 pcm ( £19,800 per annum ). The shop is let at £1,550 PCM ( £18,600 per annum ) and commercial unit to rear £1,000 (£12,000 per annum) PROVIDING ANNUAL INCOME OF £50,400.