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
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 NowFinance Available
Viewing Schedule (No Booking Required)
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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