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See how verdicts workHouse · RM6 6PR
No longer listedListed 126 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Excellent opportunity to acquire a fully trading convenience store in a prime high street location in Chadwell Heath (RM6).
Previously operated as a Tesco store for over 20 years, this well-established retail unit benefits from strong footfall, a spacious layout, and significant future growth potential.
The business is fully stocked and operational, ready for immediate takeover.
The large retail space offers excellent scope to introduce additional revenue streams such as a butcher counter, hot food takeaway, money transfer or currency exchange, and expanded retail services, making this a strong long-term investment opportunity.
Key Information: • Prime high street location – Chadwell Heath RM6 • Established convenience store (formerly Tesco for 20+ years) • Fully trading and stocked – ready to operate • 3,850 sq ft retail space • 20-year renewable lease • Rent review every 5 years • Annual rent: £72,000 • Deposit: £ pending • Rent paid quarterly • EPC Rating: C • Rear alley for deliveries and parking • CCTV and alarm system installed • Office, kitchen and 2 bathrooms • 2 cold rooms and storage facilities Price & Terms: • Goodwill: £150,000 for lease reassignment• Buyer to pay legal expenses • Serious enquiries only Business Potential: • Butchers section • Hot food counter/takeaway • Money transfer/currency exchange • Off licence and expanded retail offering • Strong long-term growth opportunity This is a rare opportunity to secure a large, established retail unit in a busy high street location with excellent development potential and a long-term lease.For further details or to arrange a viewing, please contact Edward Chase.
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Prime High Street Convenience Store – Lease for Sale – Chadwell Heath RM6
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