155, High Street North, EAST HAM, London, E6 1JB

Description

A freehold three-storey mid-terrace mixed-use property comprising a ground floor commercial unit together with a self-contained residential maisonette arranged over the first and second floors. The ground floor commercial accommodation and is occupied as a restaurant. The upper parts comprise a self-contained maisonette arranged over the first and second floors, benefiting from independent side access from High Street North. The property occupies a prominent position on High Street North (A117) within the established commercial centre of East Ham, benefiting from strong pedestrian flows and excellent public transport connections. The surrounding area comprises a mixture of national retailers, independent traders, restaurants, cafés and residential accommodation. Tenancy: The property is let on a lease for a term of 15 years from 13th August 2026, subject to 5 yearly rent reviews, at a current rent of £47,000 per annum. Rent reserved: £47,000 per annum.

Location

The property is situated on High Street North (A117), East Ham, between its junctions with Burges Road and Lathom Road. The locality forms part of East Ham’s established retail and commercial centre. Public transport links include East Ham Underground Station (District and Hammersmith & City Lines) together with a network of local bus services serving the surrounding vicinity. Road links include the A117 (High Street North) and the A13. Shopping amenities can be found locally within East Ham Town Centre, with an extensive range of shops, bars and restaurants being found along High Street North and Central Park Road. Recreational pursuits can be found locally at the open spaces of Central Park. Accommodation: Unit - Ground Floor Accommodation - Restaurant approx. 925 sq ft (VOA) EPC - B Council Tax N/A Unit - First and second floor flat Accommodation - The auctioneers were unable to inspect at the time of going to print but believe the property to comprise: Two bedroom, two receptions, kitchen, bathroom/WC EPC - D Council Tax - B

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £15,000–£35,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £47,000 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Verify tenancy documents, rent history and deposit compliance

Recommendation

Preferred strategy: Commercial Income Investment. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Commercial Income: ★★★★☆

Development: ★★☆☆☆

Flip: ★★☆☆☆