This distinctive property encompasses a diverse portfolio, strategically located at the heart of Seven Kings in East London. Comprising a total of 17 separate units, the site includes 14 residential flats alongside 5 retail shops and 3 warehouse units, all situated within a substantial freehold block. There are also two basement units that provide additional commercial opportunities.
The residential component features a mix of accommodation types: three two-bedroom flats, nine one-bedroom flats, and two studio apartments. This variety caters to different tenant needs and enhances overall rental appeal. Currently, these flats generate a significant annual income through assured shorthold tenancies (ASTs), contributing to the property's financial robustness.
The retail aspect consists of five occupied units, including well-established businesses such as a takeaway and a charity shop. These businesses contribute to the ongoing income stream and benefit from foot traffic generated by their prime location opposite Seven Kings Mainline Station. The station provides direct access to central London in approximately 21 minutes via the Elizabeth Line, making this an attractive spot for both residents and retailers.
Additionally, three warehouse units located at the rear add further value with long-term tenants in place. The logistics of these spaces can appeal to various industries, providing flexible income options with lease expirations extending beyond 2027. A private yard area accommodates around 20 vehicles, which is an asset for both residential tenants and commercial operations.
Importantly, while the property currently maintains strong cash flow with an annual income nearing £393,000, it also offers considerable renovation or redevelopment potential pending necessary planning approvals. With such investment opportunities available in this thriving area of East London, this property represents not just immediate returns but future growth possibilities as well.
Overall, this unique assemblage presents an appealing proposition for investors looking to capitalize on a multifaceted property with established income streams and room for enhancement in one of London's up-and-coming locations.
