396-398 High Road

Leytonstone, E11 3HW

£1,490,000

Investment / Development Under Offer

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Description

SUBSTANTIAL CORNER PROPERTY / PLOT

5900sq.ft (548m2)

Two Storey Office / Showroom / Storage Premises With Development Potential

FOR SALE

Accommodation

396/8 High Road, LeytonstoneComprising a two-storey brick-built corner property located at the junction with Howard Road providing retail space on the ground floor & self-contained 1st floor offices. Access to both floors is from Howard Road. Mains services are connected & both floors have separate WC facilities. The total net internal floor area is circa 4,818sqft.
Howard House
Comprising a self-contained two-storey office building with mains services & WC facilities. The property has an internal floor area of circa 1082sq.ft

396-398 High Road Leytonstone	4,818 sq ft (447.61 sq m)
Howard House	1,082 sq ft (100.52 sq m)
Total	5,900 sq ft (548.13 sq m)

Features

SUITABLE FOR REDEVELOPMENT (SUBJECT TO PLANNING)
ADJACENT TO SUBSTANCIAL FUTURE DEVELOPMENT SITE
FREEHOLD
INCOME PRODUCING

Particulars

Tenure

Freehold, subject to the occupational tenancies and income derived.

Ground Floor, 396-398 High Road
Tenancy: New lease from 4/26
Rent: £30,000.00
Term: 3-years
Break: Mutual break clause after two years
Rent Review: None

First Floor, 396-398 High Road
Tenancy: New Lease from 4/26
Rent: £18,000.00 on completion of the lease on 12.03.2026
Term: 3-years from 12.03.2026
Break: Mutual break after two years
Rent Review: RPI - 1st & 2nd anniversary

Howard House
Tenancy: Periodic Tenancy
Rent: £16,500.00
Term: Periodic
Break: Not Applicable
Rent Review: Not Applicable

Total Existing Income: £64,500 per annum

Price

Offers are to be invited in the region of £1,490,000 (One Million, Four Hundred and Ninety Thousand Pounds).

Legal Costs

Each party are to be responsible for their own legal costs borne in this transaction.

Administrative Fee

Upon terms being agreed and prior to Solicitor’s being instructed, the prospective purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips. This fee will cover all associated administrative costs incurred. In the event that the Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

EPC

Howard House - Band E
Ground Floor 396-398 High Road Leytonstone - Band B/ First Floor 396-398 High Road Leytonstone - Band D
Certificates available upon request

Viewing

Strictly by prior appointment through sole agents Bennett Phillips Luton - 020 8501 3000 contact: Simon Phillips at simon.phillips@bennettphillips.com

Location

The property is situated on High Road Leytonstone (A11) close to the junction with Cann Hall Road and within approximately five minutes-drive of Stratford Town Centre and the significant regeneration which has taken place in recent years including upgraded transport facilities, new housing and Westfield Shopping Centre. The property is located immediately at the junction with Howard Road and adjacent a B&M Store.

What's nearby

Leytonstone Central Line Station