High Road, Leyton, London, E10 £1,500,000

5 4 4

5 Bedroom Terraced  For Sale £1,500,000

Freehold

A mid terrace three storey property comprising a ground floor shop with separate rear access - 4 x self-contained one bedroom flats above (all currently rented on AST).

Total income of the building from the commercial premises and the 4 x one bedroom flats above are £90,000.00 per annum making this an ideal investment opportunity.

Occupying a prominent trading position amongst a variety of local and multiple retailers. The site is located on Leyton High Road, East London. Leyton is becoming increasingly popular and more affordable than nearby Hackney. Its close proximity to Central London and the City makes Leyton an excellent renting location for young professionals and the large choice of good primary and secondary schools makes it a great place for young families to live. Leyton has a large choice of excellent restaurants and lively pubs and the popular Leyton Food Market takes place every Saturday. There are many nearby green spaces including Epping Forest, Wansted Flats, Victoria Park and the River Lea.

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Please note: This is for illustrative purposes only. The above calculator should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Fees

Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details - UKALA No: 12718 | Provided by UKALA Total Loss Client Money Protection for Landlords and Tenants

Property Redress Scheme Membership details - UKALA No: 12718 | Provided by UKALA Total Loss Client Money Protection for Landlords and Tenants