LOT 22

243 Portland Road, South Norwood, SE25 4XB

FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT - SHOP & MAISONETTE

Result: Sold Guide price: £300,000 PLUS*

Auction Date

Wednesday, 17th February 2021 12:00pm

BY ORDER OF B TOBIN & P JOSEPH AS LPA RECEIVERS

A three storey property comprising a ground floor shop with separate front access to a maisonette above. Forming part of a local parade on the east side of the A215 Portland Road, near to the junction with Sandown Road, close to South Norwood Country Park and about ¾ mile from Norwood Junction London Overground/railway station.

Accommodation

Ground Floor Shop: 464 sq ft (43.1 sq m)
Let on a repairing and insuring lease to David Ajudua for 10 years from 08.10.2018 at £15,000 p.a. Rent review 2023. Tenant's break at the expiration of the fifth year upon 3 months' written notice.
First & Second Floor Maisonette: Not inspected but understood to comprise 3 bedrooms, living room, kitchen, bathroom/toilet
Understood to be let on an AST (terms unknown).

EQUIVALENT TO £15,000 p.a. PLUS MAISONETTE LET ON AST

EPC Rating

Both D

Note

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

Status

Sold

* 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.