LOT 13

119 Lower Clapton Road, Clapton, E5 0NP

Substantial Freehold Commercial/Residential Investment
Guide price: £1,300,000 plus*

Auction Date

Tuesday, 21st May 2019 11:00am

Location & Description

A substantial five storey building arranged as four self-contained flats (accessed from Clapton Passage) and a commercial unit on the west side of Lower Clapton Road (A107) opposite its junction with Powerscroft Road, within about half a mile of Clapton, Hackney Downs, railway stations.

Accommodation

Shop: Ground Floor: 633 sq ft (58.8 sq m) (supplied by seller). Subject to a repairing and insuring lease to Tasting Shapes Ltd from 14.02.2013 until 13.02.2023 at £17,900 p.a. (Break clause 14.02.2020).
Third Floor Flat: 2 rooms, kitchen/breakfast room, bathroom/WC, double glazing, central heating. Subject to an AST for 1 year from 02.06.2018 at £1,105 pcm.
Second Floor Flat: 2 rooms, kitchen/breakfast room, bathroom/WC, double glazing, central heating. Subject to an AST for one year from 21.01.2019 at £1,061.66 pcm.
First Floor Flat: 3 rooms, kitchen, bathroom/WC, double glazing, central heating.
Subject to an AST for one year from 30.03.2018 (holding over) at £1,408.33 pcm
Basement Flat: Large studio room, kitchen, bathroom/WC, patio garden. Central heating.
Subject to an AST for one year from 22.12.2017 (holding over) at £975 pcm.

EQUIVALENT TO £72,500 p.a.

EPC Rating

Shop: D, flat 1- D, flat 2 – C, flat 3 – C, basement flat – C.

Property Features

  • Rare Freehold Investment
  • 4 Flats & Shop
  • Producing £72,500 p.a.

Status

* 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. 

VIEWINGS

    Friday 10th May at 11:00am
    Thursday 16th May at 11:30am