FOR SALE F REEHOLD INVESTMENT PROPERTY COMMERCIAL UNIT (A2) WITH FREEHOLD GROUND RENT 29-31 LEYTONSTONE ROAD STRATFORD LONDON E15 1JA Gross internal area: Ground 1,263.4 FT 2 / 117.33 M2 First floor self-contained 2 bed flat FREEHOLD INVESTMENT IN SOUGHT AFTER LONDON LOCATION BLUE CHIP TENANT ON FRI TERMS IN FULLY REFURBISHED UNIT WITH AIR CONDITIONING TOTAL INCOME OF £25,250 PER ANNUM EXCLUSIVE REVERSIONARY ENHANCEMENT OF INCOME OPPORTUNITY FROM ASSET MANAGEMENT TO RENEW NEW LEASE AND ATTRACTIVE GROUND RENT INVESTMENT WITH THE GRAND RENT TO INCREASE BY £250 EVERY 10 YEARS LOCATION: Stratford forms part of the London borough of Newham and situated 6 miles north east of central London and north of London docklands. Stratford is the location of the London Olympic park and is currently experiencing inward regeneration/investment with expansion and growth of businesses and property values linked to the 2012 summer Olympics. The subject property is situated on the northside of Leytonstone road, which is opposite Maryland railway station (2minutes to Stratford station and less than 10 mins to London Liverpool street station) .The property is less than 1 mile from Westfield shopping Centre and approx. 0.75m from Stratford shopping Centre and railway station. Stratford has now become one of the premier transport hubs of the London transport system with excellent rail, tube and bus links. At Stratford station you will have access to Dockland Light Railway, central line, Jubilee line and London Over-ground services Stratford International station links Stratford with stations to the South East of London via high speed bullet trains. Cross Rail is due to open in 2019. Maryland is a busy local retail Centre situated in a densely populated area with a range of local retailers and eateries. DESCRIPTION: The property comprises of a two storey building arranged as a ground floor retail trading as a betting shop with staff accommodation to the rear and separate customer male and female/disabled wc’s. Separate front access to the first floor 2 bedroom flat above. ACCOMMODATION: Address Present Accommodation Lease Terms Current Rent Next Rent Lessee Gross internal area Review/ Reversion 29-31 William Hill 10 years full repairing £25,000 (1) November 2007 Leytonstone Organisation Retail ground 1,263 sqft / 117.33 and insuring lease lease renewal Road, Limited m2 with effect from 22nd Stratford. E15 November 2007 1JA Flat (1) 29A Private lessee 2-bedroom flat 125 years lease wef £250 (2) Ground rent to Leytonstone With rear roof Terrance from 11th June 2007 increase by £250 Road, E15 1JA p/a on every 10th anniversary of the term Total £25,250 pax (1) William Hill Limited Obtained a credit score of 77/100 and reported for the year ending 30th December 2014 a turnover of £895,275.000, pretaxed profits of £284,209.000 and a total net worth of -£685,427,000. (source: Experian) (2) Ground Rent increasing to £500 pa with effect from June 2017 and to increase by £250 every 10 years thereafter. RATES: Billing Authority London Borough of Newham. Rateable Value: £25,000 Rates Payable (2015/2016): £12,000 COUNCIL TAX: 2 bed self-contained flat – banded as a band (C) CURRENT RENT RESERVE: £25,250 per annum exclusive PRICE: £390,000 for the freehold investment subject to contract and existing tenancies as above. Allowing for purchaser costs at 5.75%, would equate to a Net Investment Yield of approximately 6.1% and a Gross Yield of 6.5%. EPC: Energy Performance Conduct rating is E-120. LEGAL COSTS: Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the landlord’s abortive costs if the prospective purchaser withdraw from the transaction. VIEWING: Strictly by appointment through the sole agent: DOBBIN & SULLIVAN AJAY TOHANI / NICK SULLIVAN TEL: 020 8221 9610 e-mail: [email protected] If you wish to view further properties on our register please visit our website www.dobbinandsullivan.com .