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 14th October 10:00-10:30
Thursday 16th October 10:00-10:30
Tuesday 21st October 10:00-10:30
Thursday 23rd October 10:00-10:30
Tuesday 28th October 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 October 2014 expiring in October 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

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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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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