Alexander Zain is delighted to present for sale this rare investment opportunity for a Multiple Use Freehold Development on Cannon Street Road, London.
This Development comprises an A3 use commercial unit on the ground floor and 6 apartments over 3 storeys.
The Commercial Unit is currently on a long lease to a local family butcher. The rental income is £17,000.00 per annum and is a FRI Lease.
The Residential Units are currently split into 3 studio apartments and 3 one bedroom apartments. The collective rental income is currently £61,200 per annum and the all the tenancies are an AST.
Currently, the total rental income is £78,200 per annum
Transportation links include Whitechapel, Aldgate East, Tower Hill Tube and Shadwell DLR stations. Local bus routes include D3, 15, 115, 135, N15 and N550.
Call Alexander Zain now to arrange a viewing on 020 3174 1509.