LOT 15

120 Palmerston Road, Walthamstow, E17 6PZ

FREEHOLD COMMERCIAL INVESTMENT PLUS VACANT FLAT FOR REPAIR/IMPROVEMENT
Result: Sold for £434,000 Guide price: £300,000 plus*

Auction Date

Monday, 25th March 2019 11:00am

BY ORDER OF EXECUTORS

Location & Description

A two storey terraced shop and self-contained flat above on the east side of Palmerston Road off Forest Road (A503) just to the north of the well known High Street with its national retailers, banks, restaurants and cafés.
Walthamstow Central mainline, underground (Victoria line) and bus station is about ½ mile away to the south-east.

Accommodation

Self Contained Flat: Reception with fitted kitchen area, 2 rooms, bathroom/WC
Central heating, double glazing
VACANT for repair/improvement

Shop: 460 sq ft (42.7 sq m) plus store and WC
Rear garden
Subject to a repairing & insuring lease to K Abramavicius (t/a Bite grocers) for 6 years from 17.10.2017 (review after 3 years) at £8,760 p.a. The current lessee has we understand been in occupation for over 10 years.

EQUIVALENT TO £8,760 p.a. PLUS VACANT FLAT FOR REPAIR/IMPROVEMENT

EPC Rating

Shop: D & Flat: E

Status

Sold for £434,000

* 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.