LOT 30

The Klub House, 4 Hanbury Drive, Leytonstone, E11 1GA

LEASEHOLD COMMERCIAL INVESTMENT
Guide price: £360,000 - £370,000*

Auction Date

Monday, 16th July 2018 11:00am

Location & Description

A mainly two storey detached period property which used to be part of the grounds of the former Leytonstone Hospital. The property is currently used as a day care centre for people with learning disabilities. The property benefits from the use of a lift, garden/yard area and four parking spaces. Occupying a prominent position just off the 'Green Man' roundabout, fronting High Road Leytonstone (A106) and having good road links via the A12 which links with the North Circular Road (A406). Leytonstone underground station (Central line) is about ½ mile away.

BY ORDER OF THE LIQUIDATOR

Lease Details

99 years from 27.05.2002 (about 83 years unexpired) at a fixed ground rent of £2 p.a.

EQUIVALENT TO A GROSS RENT OF £61,024.44 p.a. WITH 2017 RENT REVIEW OUTSTANDING

EPC Rating

On application

Property Features

  • By Order of the Liquidator
  • Commercial Investment
  • Equivalent Gross Rent £61,024.44 p.a.
  • EPC: On application

Status

Sold for £522,000

Addendum

Clause 8 of the extra special conditions has been slightly amended as the contract falls within the Charities Act 2011. The transfer is also attached to the auction contract.

Accommodation

Column 1 Column 2 Column 3
Ground Floor: GIA 1,760 sq ft (163.5 sq m)
First Floor: GIA 1,109 sq ft (103 sq m)
Total: GIA 2,869 sq ft (266.5 sq m)
Part of the building (room 2) is let on a repairing and insuring lease to Eastway Care Ltd for 33 years from 01.07.2002 at a current gross rent of £61,024.44 p.a. inclusive of insurance, rates and repairs. Rent reviews 3 yearly. Tenant's break within 6 months of any rent review date on 6 month's notice.
The tenant has the right to use the rest of the building at specific days and times (please refer to lease).
Tenant Profile: www.eastwaycare.co.uk

Joint Auctioneer

Sint & Co Tel: 020 7763 6363 Ref: Aubrey Sint

* 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.