Summary - 656, ROMFORD ROAD E12 5AQ
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold mixed-use investment property
- Six ground-floor retail units with strong tenant mix (Bathroom Store, Bismillah Fresh Market, Home Comfort Furnishings)
- Ten fully let flats on Assured Shorthold Tenancies (ASTs)
- Annual rental income of £301,800 (8.26% gross yield on guide price)
- Large rear yard (4,000 sq ft) with commercial lease
- Convenient location on Romford Road near local amenities
**Potential Concerns:**
- Property requires maintenance and could benefit from renovations
- High local crime rates
- Average broadband speeds
This impressive freehold mixed-use investment opportunity is now available, boasting six prime retail units and ten residential flats, making it a prime choice for astute investors seeking strong, immediate returns. With a steady income stream of £301,800 per annum, the property offers an attractive 8.26% gross investment yield on the guide price. Located conveniently on Romford Road, residents and tenants benefit from a wealth of nearby amenities including cafes, shops, and excellent transport links via the Elizabeth Line.
While boasting expansive rental potential, it's essential to consider that the property needs some maintenance and updates, which may present a worthwhile opportunity to increase value over time. Potential buyers, especially those looking to enhance their investment portfolio, should act swiftly as properties of this nature, with so much to offer, tend to attract interest quickly. Seize the chance to secure your stake in this versatile property that promises both stability and expansion potential.
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