LOT 16

Ground Floor, 436-440 Forest Road, Walthamstow, E17 4PY

LONG LEASEHOLD COMMERCIAL INVESTMENT LET AT £15,000 P.A.

Result: Sold for £249,000 Guide price: £225,000 plus*

Auction Date

Thursday, 16th December 2021 12:00pm

Forming part of a mixed use development comprising a triple fronted ground floor commercial premises on the south side of the A503 Forest Road at the junction with Ruby Road, opposite the William Morris Gallery and within ¾ mile of Walthamstow town centre and Walthamstow Central station.

Tenure

999 year Leasehold from completion at a peppercorn.

Accommodation

709 sq ft (65.9 sq m)

Tenancy Details

Let on a repairing and insuring lease to Boost Education Charged Up Limited for 19 years from 15.06.2021 at £15,000 p.a. Rent reviews 5 yearly. Tenant's break on the fifth and tenth anniversaries of the term subject to six months’ written notice.

EQUIVALENT TO £15,000 p.a.

EPC Rating

A

Note

1. VAT is payable.
2. There is a 3 month rent deposit held (£3,750).
3. Tenant Profile: www.boosteducation.co.uk
Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Status

Sold for £249,000

* 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.