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£775,000
Barking Road, Plaistow, E13
- 2 beds
£775,000
- 2 beds
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Estimate monthly mortgage payment:
£3,538 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£38,750
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MORGAN KNIGHTS are delighted to market this great opportunity to acquire a FREEHOLD PREMISES with USE CLASS E, located in a prime location Barking Road, in the heart of East London.
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.
SHOP:
Total area 93 sq. m
Front area: 9.40m x 3.00m
Back rear room: 4.20m x 3.00m
Side Area: 3.80m x 1.60m
Side rear Room: 4.00m x 1.60m
WC: 3.00m x 1.50m
Rear commercial unit: 10.00mx 4.80m currently unoccupied, can achieve ?1,000 pcm (?12,000 per annum)
Shop - Energy Rating: E
FLAT:
Total area: 74 sq. m
Lounge: 4.50m x 2.90m
Kitchen: 3.50m x 2.80m
WC: 1.56m x 1.56m
Bedroom One: 5.00m x 4.30m narrowing into 2.82m
Bedroom Two: 3.62m x 2.50m
Bathroom: 3.00m x 1.65m
Flat - Energy Rating: D
For more information and to arrange viewing please call our Commercial Sales Department or leave us a email.
Front Shop Area: 9.40m x 3.00m
Rear Room: 4.20m x 3.00m
Side Room: 3.80m x 1.60m
WC: 3.00m x 1.50m
Rear Commercial Unit: 10.00m x 4.80m
Side Rear Room: 4.00m x 1.60m
FIRST FLOOR FLAT:
Living Room: 4.50m x 4.30m narrowing into 3.70m
Kitchen: 3.50m x 2.80m
WC: 1.90m x 1.56m
Bedroom One: 5.00m x 4.30m narrowing into 2.82m
Bedroom Two: 3.62m x 2.50m
Bathroom: 3.00m x 1.65m
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.
SHOP:
Total area 93 sq. m
Front area: 9.40m x 3.00m
Back rear room: 4.20m x 3.00m
Side Area: 3.80m x 1.60m
Side rear Room: 4.00m x 1.60m
WC: 3.00m x 1.50m
Rear commercial unit: 10.00mx 4.80m currently unoccupied, can achieve ?1,000 pcm (?12,000 per annum)
Shop - Energy Rating: E
FLAT:
Total area: 74 sq. m
Lounge: 4.50m x 2.90m
Kitchen: 3.50m x 2.80m
WC: 1.56m x 1.56m
Bedroom One: 5.00m x 4.30m narrowing into 2.82m
Bedroom Two: 3.62m x 2.50m
Bathroom: 3.00m x 1.65m
Flat - Energy Rating: D
For more information and to arrange viewing please call our Commercial Sales Department or leave us a email.
Front Shop Area: 9.40m x 3.00m
Rear Room: 4.20m x 3.00m
Side Room: 3.80m x 1.60m
WC: 3.00m x 1.50m
Rear Commercial Unit: 10.00m x 4.80m
Side Rear Room: 4.00m x 1.60m
FIRST FLOOR FLAT:
Living Room: 4.50m x 4.30m narrowing into 3.70m
Kitchen: 3.50m x 2.80m
WC: 1.90m x 1.56m
Bedroom One: 5.00m x 4.30m narrowing into 2.82m
Bedroom Two: 3.62m x 2.50m
Bathroom: 3.00m x 1.65m
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£26,250
Mortgage and legal costs:
£999
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