Auction House London

Lot 29

 

213 City Road

Shoreditch, London, EC1V 1JN

Withdrawn Prior to Auction.

A Well Located Commercial and Residential Investment Producing £69,236 per annum.

Description

Tenure

Freehold

Location

New City Road is an established parade situated between Old Street and Shoreditch. Nearby occupiers include William Hill and Moorfields Eye Hospital. Transport links are provided by Old Street underground station (Northern line) and Old Street rail station.

Description (2nd Column)

The property comprises a shop over basement and ground floors along with a first & second floor four bedroom maisonette above situated within a mid terrace building arranged over basement, ground and two upper floors. The flat benefits from its own private entrance.

Viewing Details

Tuesday 2nd September 10:00-10:30
Tuesday 9th September 10:00-10:30
Thursday 11th September 10:00-10:30
Monday 15th September 10:00-10:30

Accommodation & Tenancy Schedule

Floor Accommodation Lessee Lease Term Current Annual Rent Notes
Ground

Basement
Shop Area (590 sq ft approx.)
Kitchen, WC & wash basin
Victorstone Estate Agents 25 year FRI lease from June 2014 expiring in June 2037 £35,000 Reviews every 5 years
First & Second Floor Four Bedroom Accommodation Private tenants 5 Year HMO Licence Expiring February 2017 £34,236 Benefits from B1 Use

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.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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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Enquire about 213 City Road, Shoreditch, London, EC1V 1JN

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