St. Marys Lane, Upminster, London, RM14

Location:
The property is prominently situated within a thriving parade along St Mary's Lane, Upminster, Essex RM14 3BL, offering strong visibility, steady footfall, and close proximity to national retailers, eateries, and local amenities, serving an affluent residential catchment area. It is a well-established and desirable area for both commercial occupiers and private renters. Upminster Station (District Line & c2c services) is within comfortable walking distance, providing quick and convenient access to Central London. Excellent road links include easy connections to the A127 and M25 motorway.

Property Description
An attractive investment opportunity comprising a fully let ground-floor retail shop and a self-contained two-bedroom maisonette above. The ground-floor commercial unit is currently occupied by Natural Balance Chinese Medicine, arranged as individual treatment rooms, and the residential maisonette offers spacious accommodation providing reliable residential income with strong demand.


Tenancy Details
Ground Floor Shop (165 St Mary's Lane)
* Tenant: Natural Balance Chinese Medicine
* Area: 109.46 m² (1,178.26 ft²) (approximate internal areas)
* Lease: 6-year lease from April 2023
* Tenant Break Option: April 2027
* Rent: £23,000 per annum exclusive (rising to £24,000 pax if break is not exercised)

First Floor Maisonette (165a St Mary's Lane)
* The self-contained maisonette provides a well-laid out living space, including 2 bedrooms, a spacious lounge, fitted kitchen and modern bathroom.

* Area: 61.2 m² (658.73 ft²) (approximate internal areas)
o Lounge: 17.45 m² (187.78 ft²)
o Kitchen: 15.42 m² (165.95 ft²)
o Bedroom 1: 12.51 m² (134.67 ft²)
o Bedroom 2: 10.68 m² (114.95 ft²)
o Bathroom: 5.15 m² (55.39 ft²)
* Tenancy: Assured Shorthold Tenancy (AST) yearly
* Rent: £1,350 pcm (£16,200 pa) gross

(Landlord currently receives £1,166 pcm net after management fees)
Total Current Income

Combined Gross Income: £39,200 pax

Guide Price:
Seeking offers in the region of £548,500, subject to contract (the property offers an attractive gross initial yield of 7.15%).