Units 1, 2, 3 & 4, Shaftesbury Court Shaftesbury Road, Leyton, E10 7DA
FREEHOLD COMMERCIAL GROUND RENT INVESTMENT
Tuesday, 27th March 2018 11:00am
BY ORDER OF TRUSTEES
Comprising the majority of a local industrial estate (4 out of 6 units) just off Church Road, about ½ mile south of Lea Bridge Road (A104) and Markhouse Corner with good road links via the A12 which links with the North Circular Road (A406).
Each unit is let for 300 years from 25.03.1981 with rent reviews in 2021 and 5 yearly thereafter based on 15% of the rack rental value (refer to leases). The ground rents are as follows:
Unit 1: Current ground rent of £2,675 p.a. Rent review 2016 outstanding (Notice served at £3,900 p.a.)
Unit 2: Current ground rent of £3,500 p.a.
Unit 3: Current ground rent of £3,000 p.a. Rent review 2016 outstanding (Notice served at £3,900 p.a.)
Unit 4: Current ground rent of £3,965 p.a.
Land Adj. Unit 3: Let on repairing and insuring lease to Titan Forge Ltd for 10 years from 23.12.2014 at £1,150 p.a. Rent review and tenant's break 23.12.2019 on 6 months notice and £2,000 payment.
EQUIVALENT TO £14,290 p.a. WITH TWO OUTSTANDING RENT REVIEWS