1-10 State Parade & 1-16 State Mansions, Barkingside, IG6 2EZ

This freehold mixed-use property presents a substantial investment opportunity in Barkingside, North East London. Comprising three storeys, the building is home to 10 commercial units on the ground level and 16 residential flats above. Currently generating annual rental income of £400,545, this asset not only offers consistent cash flow but also significant potential for growth through redevelopment. There is an existing opportunity to construct an additional floor (subject to planning permission), potentially adding between 7-14 residential units based on preliminary advice received in early 2024. The property benefits from a highly accessible location with amenities such as shops, schools, and leisure facilities nearby. Its proximity to Fairlop and Barkingside underground stations enhances its appeal for both residential and commercial tenants. This property represents a unique chance for savvy investors looking to capitalize on its existing revenue streams and development prospects.