1-10 State Parade & 1-16 State Mansions, Barkingside, IG6 2EZ
- For sale
- Offers over £5,000,000
- Investment
- Barkingside
Summary
- High-yielding, mixed-use building, comprising 10 x commercial units on the ground floor and 16 x residential units on the upper two floors, with airspace development potential (STPP)
- Three-storey mixed-use building, situated on an 0.25-acre site
- The property has a current passing rent of £400,545 per annum
- There is development potential for one additional floor (STPP)
- WAULT of 12.5 years to expiries
- Offers are invited in excess of £5,000,000 for the freehold interest, subject to contract
- A sale at this level would reflect a net initial yield of 7.5% assuming purchasers cost at 6.5%
The property is located in a prime position fronting onto Fullwell Cross Roundabout, the junction of Fairlop Road, Fullwell Avenue, and Barkingside High Street in Barkingside. Barkingside is a well-connected suburban area in the London Borough of Redbridge, in North East London.
Local amenities include a variety of shops, schools, cafés, restaurants, and supermarkets. The area is known for its vast green spaces, such as Fairlop Waters Country Park, and leisure facilities, such as Fullwell Cross Leisure Centre and Redbridge Sports Centre, all within close walking distance to the property.
The area benefits from excellent transport links, with Fairlop Underground Station 0.3 miles from the property and Barkingside Underground Station 0.7 miles from the property, both providing direct connections to the City and West End via the Central Line, along with convenient road access via the A12 and North Circular.
Local amenities include a variety of shops, schools, cafés, restaurants, and supermarkets. The area is known for its vast green spaces, such as Fairlop Waters Country Park, and leisure facilities, such as Fullwell Cross Leisure Centre and Redbridge Sports Centre, all within close walking distance to the property.
The area benefits from excellent transport links, with Fairlop Underground Station 0.3 miles from the property and Barkingside Underground Station 0.7 miles from the property, both providing direct connections to the City and West End via the Central Line, along with convenient road access via the A12 and North Circular.
Property particulars are provided for guidance only and do not constitute any part of an offer or contract. Whilst Harston+Co make every effort to ensure their accuracy and completeness, no warranty or representation is given and interested parties should rely on their own enquiries, inspections, and professional advice. All figures quoted are exclusive of VAT unless otherwise stated and are subject to change.
12,583 Sq Ft
£5,000,000