86-88 Woodgrange Road, Forest Gate, E7 0EW
Result: Refer to auctioneer Guide price: £1,100,000 plus*
Monday, 16th July 2018 11:00am
Location & Description
A large terraced double shop unit and small basement with 3 self-contained flats on the east side of the busy Woodgrange Road close to Sebert Road and Forest Lane. Nearby occupiers include Tesco Express, Poundland, Iceland and (in Romford Road) Barclays Bank. Wanstead Park overground station and Forest Gate mainline station (Crossrail/Elizabeth line in 2019) are within a short walk.
Ground Floor Double Shop: 2,525 sq ft (234.7 sq m)
Subject to a repairing and insuring lease to Polonez Ltd (t/a a Polish Delicatessen) for 10 years from 12.01.2016 (with rent review and break clause 12.01.2021 and outside s24-28 of the Landlord & Tenant Act 1954) at £40,000 p.a.
86a & 88a: 2 flats each comprising 4 rooms, kitchen, bathroom/WC
86a let on AST for 12 months from 24.04.18 at £1,386.66 pcm
88a let on AST for 12 months from 14.10.17 at £1,430 pcm
86b: Split level flat (with planning permission) comprising 3 rooms (1 with kitchen area) shower/WC
Let on AST for 12 months from 02.02.18 at £1,000 pcm
Communal roof terrace
EQUIVALENT TO £85,799.92 p.a.
- Double Shop & 3 Flats
- Equivalent to Approximately £86,000 p.a.
- Flats 86a, 88a & 86b: All E and Shop 86-88: C
The property is in a conservation area.