140–142 High Street, Walthamstow £2,400,000

Mixed-use freehold. Four residential apartments and one ground-floor commercial unit.

Current passing yield of 7%.

Commercial

The ground floor is let to Gratka Polish Deli on a 16-year lease at £72,000 per annum. Rent reviews every five years, upward only. Gratka has subsequently sublet to two occupiers — Herbs & China and S&I Phones — operating across the subdivided retail space. Full lease agreements available upon request.

Residential

Four self-contained apartments, all tenanted.

Flat 1 — 1 bed | 48 sq m | £1,550 pcm 

Flat 2 — 2 bed (1 double, 1 single) | 51 sq m | £1,850 pcm 

Flat 3 — 2 bed | 71 sq m | £1,850 pcm 

Flat 4 — 2 bed | 66 sq m | £1,880 pcm

Total residential income: £7,130 pcm.

Combined income: £133,560 per annum. Scope for residential rental uplifts. Development potential subject to planning.

Located on Walthamstow High Street, E17.