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London E10 – 714/714A Lea Bridge Road, Leyton E10 6AW Freehold

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London E10 – 714/714A Lea Bridge Road, Leyton E10 6AW Freehold London E10 – 714/714a Lea Bridge Road, Leyton E10 6AW Freehold Restaurant & Residential Ground Rent Investment London E10 – 714/714a Lea Bridge Road, Leyton E10 6AW Freehold Restaurant & Residential Ground Rent Investment Investment Consideration: ▪ Purchase Price: £325,000 ▪ Gross Initial Yield: 6.18% ▪ Rental Income: £20,100 p.a. ▪ VAT is NOT applicable to this property ▪ Comprises ground floor restaurant and a self-contained flat on the first floor (sold off) ▪ Restaurant let until 2039 ▪ Upward only rent reviews in 2024, 2029 and 2034. ▪ Full refurbishment and kit-out upon commencement of tenancy in 2019 ▪ Occupiers nearby include Papa Johns Pizza, amongst a number of takeaway/restaurants, barbers, estate agents and many more. Tenancies and Accommodation: London E10 – 714/714a Lea Bridge Road, Leyton E10 6AW Freehold Restaurant & Residential Ground Rent Investment Property Description: The property comprises ground floor restaurant and a self-contained flat on the first floor. The restaurant has undergone a full refurbishment and kit-out upon commencement of tenancy in 2019. The residential flat has been sold off on long leasehold. The property provides the following accommodation and dimensions: Ground Floor: Restaurant 108.00 sq m (1,161 sq ft) First Floor: Flat 66.00 sq m (710 sq ft) Tenancy: The ground floor restaurant is at present let to Individuals for a term of 20 years from 26th June 2019 at a current rent of £20,000* per annum and the lease contains full repairing and insuring covenants. Upward only rent reviews in 2024, 2029 and 2034. Option to determine in 2029 with minimum 6 months notice. Rent deposit held of £10,000*. The first floor flat has been sold off on a 999 year lease from 25 October 1996 at a current rent of £100 per annum. *Note 1 – Tenant pays £15,000 per annum in the first 2 years in return for full refurbishment upon commencement of the tenancy. *Note 2 - Tenant paid £5,000 deposit initially and will top up £5,000 at the end of second year. London E10 – 714/714a Lea Bridge Road, Leyton E10 6AW Freehold Restaurant & Residential Ground Rent Investment Location: Leyton is a district in East London and part of the London Borough of Waltham Forest, located 6.2 miles (10 km) north-east of Charing Cross in the United Kingdom. It borders Walthamstow and Leytonstone in Waltham Forest, Stratford in the London Borough of Newham and Homerton and Lower Clapton in the London Borough of Hackney. The district includes part of the Queen Elizabeth Olympic Park, which hosted the 2012 Olympic Games, as well as Leyton Orient Football Club, although it is predominantly residential. It consists mainly of terraced houses built between 1870 and 1910, interspersed with some modern housing estates. Leyton is on the Central line of London Underground, with the station located at the southern end of the High Road. There is a London Overground station at Midland Road on the Gospel Oak to Barking line. Leyton is served by routes 58, 69, 97, 158, W14 and W15 and night bus route N26. London E10 – 714/714a Lea Bridge Road, Leyton E10 6AW Freehold Restaurant & Residential Ground Rent Investment London E10 – 714/714a Lea Bridge Road, Leyton E10 6AW Freehold Restaurant & Residential Ground Rent Investment Contacts: To view copies of the leases, information on the title, other information, please contact Joseph Bachman or Prash Jaitley. Joseph Bachman – COO Prash Jaitley – Managing Partner M: +44(0)77236 19270 M: +44(0)79618 53166 E: [email protected] E: [email protected] Address: Blue Alpine Partners Limited Trading Address: 83c Ashley Gardens, Thirleby Road, London, SW1P 1HG Registered Address: Suite 115, Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. .
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