LOT 7

31 High Street North, East Ham, London, E6 1HS

FREEHOLD COMMERCIAL INVESTMENT WITH FURTHER DEVELOPMENT POTENTIAL

Result: Sold for an undisclosed amount Guide price: £985,000 PLUS*

Auction Date

Wednesday, 16th September 2020 12:00pm

A three storey terraced building comprising a ground floor shop together with 2 x 2 bedroom self contained flats accessed to the rear of the property. Located on the west side of this busy High Street parade with numerous multiple occupiers nearby including Costa , Tesco express, Primark, Warren James, Barclays Bank & Santander. East Ham underground station (district line) is within walking distance along with Barking Road.

Accommodation

Ground Floor Shop: 1,333 sq ft (123.85 sq m)
First Floor Flat: Living room, 2 bedrooms, kitchen, bathroom/toilet
Second Floor Flat: Living room, 2 bedrooms, kitchen, bathroom/toilet

Tenancy Details

The ground floor is subject to a repairing and insuring lease to Sportswift Limited (t/a Card Factory) for 10 years from 14.01.2011 at a current rent of £50,000 p.a.

The first floor flat is subject to an AST for 12 months from 23.8.20 at a rent of £1,145 pcm
The Second floor flat is subject to an AST for 12 months from 11.12.19 at a rent of £1,095 pcm

EQUIVALENT TO £76,880 P.A

Planning

There is potential to create 3 further flats at the rear of the building as per the adjacent property (subject to planning permission).

EPC Rating

Ground Floor: C
First Floor Flat: D
Second Floor Flat: D

Note

Auction Surveyor: Sam Harborne
Contact: 020 8509 4414

Legal Pack Summary Link

https://www.aucspace.com/lots/2728-7-31-high-street-north-east-ham-london

Status

Sold for an undisclosed amount

* 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.