Prime retail park with redevelopment potential

Prime retail park with redevelopment potential located within Mile End, approximately 2 miles east of the City of London. The property comprises a 3 unit retail warehouse terrace totalling 45,385 sq ft with income secured against strong national covenants of Currys, Asda and Halfords. The passing rent for the retail is £1,281,377 per annum. Included in the sale are 11 four bedroom terrace houses let on private ASTs producing a total rent of £475,200 per annum. The total income across the property is £1,756,577 per annum. The total Freehold site extends to 3.21 acres (1.30 hectares). The retail leases expire in 2025 enabling a purchaser to actively asset manage the scheme through regearing the leases or exploring redevelopment opportunities for alternative uses to include residential and student accommodation. The site provides 145 car parking spaces on a surface tarmacadam car park, providing an excellent customer car parking ratio of 1:313 sq ft.