Investment Properties: Spectrum Building, 22-42 Freshwater Road, Chadwell Heath RM8 1RY

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Spectrum Building, 22-42 Freshwater Road, Chadwell Heath RM8 1RY

OIEO £3,500,000 subject to contract - Freehold (please see below for separate lot prices)

  • Recently developed building comprising 2 commercial units and 60 residential apartments (50 sold off and 10 retained) producing £224,000 per annum.
  • Commercial space (9,828 ft2 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 (5,565 ft2 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.
  • Offers invited in excess of £3,500,000 STC for the entire freehold interest, or as individual elements as per the Guide Prices above.