200 High Road Leytonstone, Leytonstone, E11 3HU
FREEHOLD INVESTMENT SHOP & 4 FLATS
Tuesday, 15th December 2020 12:00pm
A 4 storey property comprising a ground floor shop with separate front access to 4 self-contained flats on rear ground and 3 upper floors. Located near to the junction with Cann Hall Road, ½ mile from Maryland railway station and ¾ mile from Leyton underground station (Central line). Westfield Stratford is about a mile away.
Shop: 295 sq ft (27.4 sq m) plus toilet
Let on a repairing and insuring lease to Plus Studio The Heartbeat of Beauty Ltd (prev Madame Chic Ltd) with Guarantor for 5 years from 02.07.2018 at £11,000 p.a.
4 Flats: Each comprising 1 bedroom, living room/kitchen, bathroom/toilet
Rear Ground Floor Flat: Let on a nightly basis to LB Newham at £36/night. In occupation since Oct 2017.
First Floor Flat: Let to LB Waltham Forest at £251/week. In occupation since April 2017.
Second Floor Flat: Let on a 12 month AST from 20.07.2015 (holding over) at £229.58/week.
Third Floor Flat: Let on a lease to LB Hackney for 3 years from 04.08.2016 (holding over) at £980 pcm.
EQUIVALENT TO £60,890.16 p.a.
Auction Surveyor: Robert Woolfe - 020 8509 4408
There is a right of way leading to the upper part of the adjoining property (194) via the first floor staircase within the common parts of the subject property. In the tenancy info for the shop, "Plus" should read "Pulse". In respect of Flat 1, notwithstanding the rent referred to in the legal documents, the seller has confirmed that they currently receive the rent stated in the particulars.