Chain-free freehold block with secure parking and strong current income.
Freehold mixed-use on large corner plot
A substantial freehold mixed-use property on Barking Road offering immediate, fully let income of £123,200 per annum. The ground-floor commercial unit and four residential flats produce steady cashflow; secure off-street parking is separately let. The site is chain-free and sits on a large corner plot with excellent passing trade and strong public transport connections.
This asset suits yield-focused buyers seeking a hands-off income or a landlord willing to review future options. There may be scope for further development or change of use subject to planning consent; that potential could add long-term upside but would require formal approvals and additional capital.
Buyers should note material considerations: one major commercial tenancy is under negotiation for renewal, the local area records above-average crime and is classified as deprived, and tenant continuity should be checked during due diligence. The building appears modern externally but comprehensive surveys are recommended before purchase to confirm condition and any refurbishment costs.
Overall this is a straightforward freehold holding in a high-footfall location close to schools, shops and transport links — attractive for investors seeking immediate rental return with optional redevelopment potential subject to planning.
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