461 Roman Rd
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461 Roman Rd
700 SF Retail Building London E3 5LX $985,711 CAD ($1,408 CAD/SF) 6.20% Cap Rate
Investment Highlights
- Popular localised commercial district, serving affluent surrounds
- Within 13 minute walk of Mile End (District & Central Line services)
- Proximity to Victoria Park and Olympic Park
- Potential to extend, subject to obtaining the necessary planning consents
Executive Summary
The property is arranged over basement, ground and first floors. The basement and ground levels are leased to a florist on a 2 year agreement, inside the Act. The upper floor is arranged as a one bedroom apartment, let on an AST to Dec 2024. The flat is in a reasonable state of repair and well care for. Access to the residential is from the rear of the property, by way of a right of way from Ford Close. There is an outside area, currently used by the shop tenant, which could be filled in, subject to planning. There may also be scope to add a mansard, subject to obtaining the necessary consents.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
700 SF
Building Class
B
Year Built
1929
Price
$985,711 CAD
Price Per SF
$1,408 CAD
Cap Rate
6.20%
NOI
$61,078 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.94
Lot Size
0.02 AC
Frontage
13 ft on Roman Road
Amenities
- Energy Performance Rating - B
- Storage Space
1 of 1
Nearby Major Retailers
1 of 21
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461 Roman Rd
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