LOT 32

831 Romford Road, Manor Park, E12 6EA

FREEHOLD COMMERCIAL INVESTMENT, ADVERT HOARDING & VACANT MAISONETTE

Guide price: £450,000 - £475,000*

Auction Date

Thursday, 12th December 2019 12:00pm

By Order of Joint LPA Receivers

An end of terrace property comprising a ground floor shop & basement, an advert hoarding on the flank wall and separate side access to a self-contained maisonette above. On the north side of the A118 Romford Road, almost opposite the junction with Third Avenue and within ½ mile of Manor Park mainline station and Woodgrange Park overground station. Manor Park has good road links via the A406 North Circular Road which links with the A12 to the north and the A13 to the south.

Accommodation

Ground Floor Shop: 400 sq ft (37.1 sq m) plus kitchenette & WC
Basement: 406 sq ft (37.7 sq m)
Let on a repairing and insuring lease to Beena Nawaz Pirzada for 15 years from 03.01.2011 at £13,000 p.a. Rent Reviews 2014, 2017 (both outstanding) & 3 yearly.
Part Ground & First Floor Maisonette (831a): 4 rooms, kitchen (ground floor), bathroom, sep. WC - Offered Vacant for Modernisation
Advert Hoarding: Terms unknown.

EQUIVALENT TO £13,000 p.a. PLUS VACANT MAISONETTE

EPC Rating

Shop: D & Maisonette: E

Status

Sold for £528,000

Addendum

The term of the shop lease is 15 years from 03.11.2011. There are NEW special conditions with the cost of the search included and an update to the arrears schedule.

Joint Auctioneer

David Foskett

Copping Joyce Tel: 020 7749 1040

* 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.