Auction House London

Lot 102

Mixed Use - Commercial Property 

199 Ley Street

Ilford, Essex, IG1 4BL

Sold Prior to auction, for an undisclosed amount

A Freehold Commercial & Residential Investment. Part Let Producing £11,400 per annum

Description

Location

The property forms part of an established parade of shops on Ley Street predominantly occupied by local traders. The open spaces of Valentines Park are within easy reach. Transport links are provided by Ilford rail station which is a short walk away.

Exterior

The property benefits from a rear courtyard with store room outbuilding.

EPC Rating

D-G

Description (2nd Column)

The property comprises a mid terrace building formed over ground and first floors currently arranged as a ground floor lock up shop with a self-contained two bedroom flat to the first floor.

Viewing Details

Open House Viewings:
Wednesday 9th May 17:30-18:00
Friday 11th May 17:30-18:00
Monday 14th May 17:30-18:00
Friday 18th May 16:15-16:45
Monday 21st May 16:15-16:45

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
Shop Ground Shop Area, Lobby Area, Separate WC & wash basin Vacant
Flat A First Reception Room, Two Bedrooms, Kitchen, Bathroom Let on an Assured Shorthold Tenancy agreement commencing from 17.10.13 (holding over) at a rent of 950 pcm. £11,400

Additional Fees and Disclaimer

Administration charge: £1,500 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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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