Auction House London

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Withdrawn Prior to Auction.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

Share this lot

Similar Properties

Lot 1

9 Tewkesbury Gardens Kingsbury, London, NW9 0QU

*Sold Prior for £520,000.

Lot 3

Flat 1 15-17 West Eaton Place, Belgravia, London, SW1X 8LT

*Sold for £312,000.

Lot 4

28M Courthill Road Lewisham, London, SE13 6HB

*Sold for £261,500.

Enquire about 305 Romford Road, Forest Gate, London, E7 9HA

Sign-up for our newsletter

Get the latest lot details along with new blog posts, straight to your inbox

Services

  • Request Auction Valuation
  • Remote Bidding Registration
  • Online Auctions
  • Property Services

Auctions

  • Current Auction
  • Past Auctions
  • Lots still available
  • Guide to buying at auction
  • Guide to selling at auction
  • General Conditions of Sale

Guides

  • Guide to buying at auction
  • Guide to selling at auction
  • Guide to buy online

About

  • About Us
  • Why Choose Us
  • Meet The Team
  • Privacy Policy
  • Complaints Procedure

Auction House London

5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL

Tel: 020 7625 9007
Fax: 020 7990 9979
Email: info@auctionhouselondon.co.uk
Auction House London
Site built by IVC
Copyright © 2021 Auction House London
Registered Address: 2 Cotton Street, Liverpool, Merseyside, L3 7DY Company No. 07048084
Footer Logos