LONG LEASEHOLD COMMERCIAL INVESTMENT
Guide price: Sold Prior £685,000 *
Thursday, 9th February 2017 11:00am
By Order of a Charity
Location & Description
A Grade II listed prominent corner property (within the York Square Conservation Area) comprising a ground floor public house with cellar storage and internal and separate front access (via a single staircase) to a manager's flat on two upper floors.
Overlooking York Square within this popular residential area north of Commercial Road (A13) and within a short walking distance of Limehouse station (mainline & DLR). Canary Wharf is about a mile away.
Ground Floor Public House: 1,291 sq ft (120 sq m), male & female WCs, enclosed yard
Cellar Storage: 733 sq ft (68 sq m) - restricted head height
First & Second Floor Manager's Flat: 6 rooms, utility room (with access to roof terrace), kitchen, bathroom/WC, sep. WC
The entire property is let on a repairing and insuring lease to Young & Co's Brewery Plc for 20 years from 01.10.1998 at £24,000 p.a.
125 years from 10.06.2013 at a peppercorn
The property has been listed as an 'Asset of Community Value' by London Borough of Tower Hamlets
EQUIVALENT TO £24,000 p.a.
Public House & Manager's Flat - E
- Public House & Residential Upper Part
- Entirely Let to Young & Co's Brewery Plc
- Equivalent £24,000 p.a.
Sold Prior for £685,000
1. We are advised that there is a sub tenancy in place.
* 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.