Immediate income or quick-change redevelopment on a busy Leytonstone high street.
- Freehold shop on High Road Leytonstone, prominent parade position
- Passing rent £18,700 pa; tenant on R&I lease to 14 Dec 2026
- Tenant wishes to assign — potential for immediate owner-occupation
- Basement present but not inspected; further inspection advised
- First-floor residential sold long lease separately (999 years)
- Area has excellent footfall and very good transport links
- Local area: above-average crime and high deprivation levels
- Small plot size; 904 sq ft overall — hands-on management likely
A prominent High Road freehold offering on a busy Leytonstone parade, currently producing a passing rent of £18,700 pa from the ground-floor tenant. The ground-floor unit has been trading as a restaurant on a repairing and insuring lease which expires on 14 December 2026; the tenant has indicated a desire to assign, which could enable immediate owner-occupation or re-letting. The property includes a basement (not inspected) and a separately sold long-lease flat above.
This is a clear short-term income play or hands-on redevelopment opportunity for an investor prepared to manage a lease expiry and tenant handover. The location benefits from strong footfall, nearby transport links (Central line and several bus routes) and a dense mix of local retail and leisure uses, supporting many plausible alternative uses subject to planning and licensing.
Buyers should note material considerations: the commercial lease is short-dated (expires 2026), the seller will expect an undertaking to cover abortive legal costs, and the wider area records above-average crime and high deprivation. Connectivity is strong (excellent mobile, fast broadband) and there is no flood risk, but limited plot size and an uninspected basement mean further due diligence is required before purchase.
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