Spectrum Building, 22-24 Freshwater Road, Chadwell Heath RM8 1RY

,  •  Hotel  •  £3,500,000



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About this listing
• Recently developed building comprising 2 commercial units and 60 residential apartments (50 sold off and 10 retained) producing £224,000 per annum • Commercial space (9,828ft2 NIA) let to a gym and nursery on separate leases, producing £78,000 per annum Guide Price: offers in excess of £800,000 STC • 50 sold off apartments producing a ground rent income of £12,500 per annum Guide Price: offers in excess of £250,000 STC • 10 retained apartments (5,565ft2 NIA) let on ASTs producing £133,500 per annum Guide Price: offers in excess of £2,000,000 STC • Development site in the car park area with outline planning permission for 16 apartments Guide Price: offers in excess of £450,000 STC


Address
,
Sector
GLA
Occupancy
Major Tenants
WAULT
NIY (on NOI)
Asking Price
£3,500,000