LOT 14

200 High Road Leytonstone, Leytonstone, E11 3HU

FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT - SHOP & 4 FLATS (2 SOLD ON LONG LEASES)

Result: Sold for £470,000 Guide price: £430,000 plus*

Auction Date

Thursday, 15th July 2021 12:00pm

A 4 storey property comprising a ground floor shop with separate front access to 4 self-contained flats on rear ground and 3 upper floors. Located near to the junction with Cann Hall Road, ½ mile from Maryland railway station and ¾ mile from Leyton underground station (Central line). Westfield Stratford is about a mile away.

Accommodation

Shop: 295 sq ft (27.4 sq m) plus toilet
Second Floor Flat: 1 bedroom, living room/kitchen, bathroom/toilet
Third Floor Flat: 1 bedroom, living room/kitchen, bathroom/toilet

Tenancy Details

Shop: Let on a repairing and insuring lease to Pulse Studio The Heartbeat of Beauty Ltd (previously Madame Chic Ltd) with Guarantor for 5 years from 02.07.2018 at £11,000 p.a.
Rear Ground Flat: Sold on a 99 year lease from 2021.
First Floor Flat: Sold on a 99 year lease from 2021.
Second Floor Flat (Flat 2): Let on a 12 month AST from 20.07.2015 (holding over) at £229.58/week.
Third Floor Flat (Flat 3): Let on a 12 month AST from 29.01.2021 at £1296.44 per calendar month.

EQUIVALENT TO £38,495.44 p.a.

EPC Rating

Shop - C

Note

1. There is a right of way leading to the upper part of the adjoining property (194) via the first floor staircase within the common parts.

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Status

Sold for £470,000

Addendum

* 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.