Auction House London

Lot 54

Terraced - Houses 

312 Barking Road

East Ham, London, E6 3BA

Sold for £625,000

A Commercial and Residential Investment Producing £39,000 Per Annum

Description

The property comprises a mid terrace building arranged to provide a shop on the basement and ground floors and a five bedroom HMO on the first and second floors.

Tenure

Freehold

Location

The property is situated in the East London area of East Ham close to local shops and amenities. The open spaces of Central Park are within easy reach. Transport links are provided by East Ham underground station (District and Hammersmith & CIty lines) and Barking rail station.

Note

We have been advised by the vendor that there is scope to extend to the rear of the building.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Shop Ground & Basement Shop Area, WC Let on a 10 year lease from 25th November 2015 (Rent review due in November 2021) £15,000 pa
Flat First & Second Five Bed HMO Let to Residential Landlords Association for 6 months from 05/09/20 (holding over) £24,000 pa

Additional Fees and Disclaimer

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.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. 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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