Auction House London

Lot 27

Terraced - Houses 

128 Kingsland Road

Hoxton, London, E2 8DP

Withdrawn Prior

A Commercial and Residential Investment Producing £48,340 Per Annum

Description

The property comprises a mid terrace building arranged to provide a ground floor shop with a basement and a five bedroom licensed HMO on the first, second and third floors.

Tenure

Freehold

Location

The property is situated in the popular area of Hoxton among the local shops and amenities of the Kingsland Road. The open spaces of Shoreditch Park are within easy reach. Transport links are provided by Hoxton overground station (0.2 miles).

Note

We have been advised by the vendor that the HMO was previously producing £49,980 per annum for several years however, the rent was lowered to help the tenants during lockdown. The shop tenant has also expressed their interest in extending their lease.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
128 Basement & Ground Shopa Area Let on a 16 Year FRI Lease from 2007 £14,140 pa
128A First, Second & Third Five Bedrooms, Kitchen, Two Bathrooms Let on Five Individual AST's £34,200

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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