LOT 8

877 High Road Leytonstone, London, E11 1HR

A FREEHOLD MIXED COMMERCIAL/RESIDENTIAL INVESTMENT PROPERTY CURRENTLY PRODUCING £67,000 PER ANNUM

Result: Sold for £830,000 Guide price: £700,000 PLUS*

Auction Date

Tuesday, 14th July 2020 12:00pm

BY ORDER OF B TOBIN & P J WATERFIELD AS LPA RECEIVERS

Leytonstone is located 7 miles north-east of Charing Cross. Leytonstone underground station (Central Line) and separate overground station provide direct access to central London. The property comprises a three storey, semi-detached, mixed residential/commercial property arranged as ground floor shop/restaurant plus basement with three self contained flats to the upper floors. Additionally, there is an advertising hoarding to the flank wall.

Accommodation

Ground Floor: Cafe and Bar area, Customer toilet, Office, Storage area, Staff toilet,
Lower Ground Floor: Storage. In all the commercial element extends to circa 1,746 sq ft (162 sq m). External Rear Yard
Flat A (First and Second Floors) - Entrance Hallway, Open plan Living room and Kitchen, two bedrooms and shower room
Flat B (First Floor) - Entrance Hallway, Open plan Living room and Kitchen, bedroom, utility and shower room.
Flat C (First Floor) - Open plan Living room and Kitchen, bedroom and shower room. In all the residential element extends to 1,644 sq ft (153 sq m)

Auction Surveyor
Andrew Brown 020 8509 4470

Note

The property has not been internally inspected by Strettons and can give no warranty as to its present condition, layout or occupation. The property will be sold subject to whatever occupation that may exist at the time of sale.

Status

Sold for £830,000

Addendum

We have been verbally informed that the adjacent property (875) accesses their property via the yard of 877.

Accommodation

Unit Accommodation Tenancy Rent pcm EPC Rating
Ground Floor and Basement 1,746 Sq Ft (162,3 Sq M) 5 Years From March 2018 £1,500 B
Flat A 707 Sq Ft (65.7 Sq M) 12 Month AST from 1/6/17 £1,200 D
Flat B 494 Sq Ft (45.9 Sq M) 12 Month AST from 1/3/18 £1,200 D
Flat C 443 Sq Ft (41.2 Sq M) 12 Month AST from 1/3/18 £1,100 D
Advertising Hoarding N/A 12 Month Rolling Contract £583.33 N/A

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.