LOT 19

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

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

Guide price: £225,000 plus*

Auction Date

Thursday, 15th July 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 which includes The Mall shopping centre, street market and Walthamstow Central station.

Tenure

Long Leasehold - 999 years 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 break on the fifth and tenth anniversaries of the term subject to six months’ written notice.

EQUIVALENT TO £15,000 p.a.

Note

1. Tenant Profile: www.boosteducation.co.uk
2. The tenant is currently fitting out and the rent commencement date is 1st October 2021.
Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Status

Postponed - Please refer to Auctioneer

* 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.