Lot 45
305 Romford Road
Forest Gate, London, E7 9HA
Withdrawn Prior to Auction.
A Fully Let Commercial and Residential Investment Producing £71,200 per annum. The Building is Arranged to Provide a Ground and Basement Shop with Six Flats t othe Upper Parts (5 x Studios, 1 x 4 Bed)
Description
Tenure
Freehold
Location
The property occupies a prominent position within an established shopping parade on Romford Road. Nearby multiples include Ladbrokes, Barclay Bank Plc and Iceland amoungst established local traders. Transport links are provided by Forest Gate rail station.
Description (2nd Column)
The property comprises a lower ground and ground floor commercial unit with six residential units arranged over lower ground and three upper floors.
Viewing Details
Please refer to us directly on: 0207 625 9007
Bold Black Text
Current Rent Reserved £71,200 per annum
Accommodation & Tenancy Schedule
| Property | Floor | Accommodation | Terms of Tenancy | Current Annual Income |
|---|---|---|---|---|
| Shop | Ground & Basement | Shop Area 780 sq ft | Commercial lease from 1st Jan 2009 to 31st Dec 2021 at a rent of £833.33 pcm | £10,000 |
| Flat 1 | First | Studio Flat - 24 sq m | Let on an AST (holding over) at a rent of £675 pcm | £8,100 |
| Flat 2 | First | Studio Flat - 24 sq m | Let on an AST (holding over) at a rent of £750 pcm | £9,000 |
| Flat 3 | First | Studio Flat - 24 sq m | Let on an AST (holding over) at a rent of £750 pcm | £9,000 |
| Flat 4 | Second | Studio Flat - 24 sq m | Let on an AST (holding over) at a rent of £675 pcm | £8,100 |
| Flat 5 | Second | Studio Flat - 39 sq m | Let on an AST (holding over) at a rent of £750 pcm | £9,000 |
| Flat 6 | Rear Ground | 4 Bed Flat - 72 sq m | Let on an AST (holding over) at a rent of £1,500 pcm | £18,000 |
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.
View Details as PDFEnquire Now
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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