Summary - 794, GREEN LANE RM8 1YT
2 bed 1 bath Commercial Property
**Standout Features:**
- **Dual-use Property:** Contains a ground-floor commercial space and a two-bedroom maisonette above.
- **Location:** Situated in a vibrant retail parade near transport links (Goodmayes and Chadwell Heath stations).
- **Size:** Vast property with a total area of 1,532 sq.ft., featuring a surplus rear yard ideal for expansion or parking.
- **Potential Income:** Commercial space available for lease with annual rental potential of £25,000, while the residential unit can generate approximately £12,000 per year.
- **Educational Access:** Close to several well-rated primary and secondary schools.
**Concerns:**
- **Renovation Needed:** Condition indicates the need for repairs and updates, especially in the commercial unit.
- **Area Deprivation:** Located in a relatively deprived area, which may impact potential buyers' perceptions.
**Summary:**
This versatile freehold property offers a unique opportunity for owner-occupiers and investors alike in postcode RM8 1YT. Spanning an impressive 1,532 sq.ft., it features a ground-floor commercial unit alongside a self-contained two-bedroom split-level maisonette above, making it perfect for maximizing asset potential through mixed-use occupancy. The commercial space is well-positioned within a bustling retail hub, with immediate access to transport links for easy commutes into Central London.
While some renovation is necessary to enhance the commercial unit's appeal, the property presents significant income potential, underscored by the favorable lease terms currently offered. With local schools receiving 'Good' Ofsted ratings and a plethora of nearby amenities, this property is an ideal investment to capture the interest of families and young professionals. Its strategic location and dual-use capabilities provide an enticing prospect not readily available on the market—act fast to explore this opportunity!
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