Back to track record

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)
Sold
  • 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.
Spectrum building73717
Spectrum building82953
View our current instructions or download our track record
View current instructions Download track record