Block of flats for sale

Romford Road, London E12

An exceptional freehold mixed-use investment opportunity situated in a highly prominent position on the ever-busy Romford Road High Street, benefiting from excellent visibility, strong passing footfall, and significant long-term upside potential.

This substantial freehold comprises a large ground floor commercial premises, currently operating as a successful hairdresser/barbershop, together with a newly refurbished 2-bedroom residential flat to the rear, accessed via its own private side entrance, and a third-floor 3-bedroom flat sold off on a long lease (already accounted for within the sales price).

The ground floor commercial unit offers a spacious and versatile trading area with a full-height open glass frontage, creating excellent exposure to the busy high street and strong natural light throughout. The commercial space further benefits from private WC facilities, a mini kitchen/staff area, and flexible internal accommodation suitable for a variety of business uses (subject to the relevant consents). Positioned in a desirable trading location with consistent passing traffic and pedestrian activity, this unit presents a superb opportunity for both owner-occupiers and commercial investors.

To the rear, accessed independently from the side of the property, is a newly refurbished 2-bedroom flat finished to a modern standard throughout. The accommodation comprises two good-sized bedrooms, a separate contemporary kitchen, spacious reception/living area, modern bathroom suite, private porch space, and direct access to an impressive rear garden extending to approximately 100 sqm, offering excellent amenity space rarely found in similar mixed-use properties.

A key feature of this property is its substantial rear land and development potential. The property previously benefited from planning consent for additional flats to the rear garden area, which the current owner did not proceed with or reapply for. Given the significant development and regeneration within the surrounding area since the original approval, there is believed to be a strong possibility of securing planning permission again, creating a compelling opportunity to substantially increase rental income and capital value (STPP).

Currently producing strong investment yields of approximately 7–8%, the asset also offers clear scope to enhance returns to 10%+ through redevelopment, refurbishment, or further optimisation. Equally, for owner-occupiers or business operators, the prominent high street location offers an excellent environment for commercial success.

A rare opportunity to acquire a versatile freehold asset with immediate income, asset management potential, and strong development upside in a thriving East London location. Early viewings are highly recommended.