LOT 14

200 High Road Leytonstone, Leytonstone, E11 3HU

FREEHOLD INVESTMENT SHOP & 4 FLATS

Result: Unsold refer to Auctioneer Guide price: £750,000 - £800,000*

Auction Date

Tuesday, 15th December 2020 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
Let on a repairing and insuring lease to Plus Studio The Heartbeat of Beauty Ltd (prev Madame Chic Ltd) with Guarantor for 5 years from 02.07.2018 at £11,000 p.a.
4 Flats: Each comprising 1 bedroom, living room/kitchen, bathroom/toilet
Rear Ground Floor Flat: Let on a nightly basis to LB Newham at £36/night. In occupation since Oct 2017.
First Floor Flat: Let to LB Waltham Forest at £251/week. In occupation since April 2017.
Second Floor Flat: Let on a 12 month AST from 20.07.2015 (holding over) at £229.58/week.
Third Floor Flat: Let on a lease to LB Hackney for 3 years from 04.08.2016 (holding over) at £980 pcm.

EQUIVALENT TO £60,890.16 p.a.

Note

Auction Surveyor: Robert Woolfe - 020 8509 4408

Status

Unsold refer to Auctioneer

Addendum

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 of the subject property. In the tenancy info for the shop, "Plus" should read "Pulse". In respect of Flat 1, notwithstanding the rent referred to in the legal documents, the seller has confirmed that they currently receive the rent stated in the particulars.

* 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.