Commercial Property - Commercial Property
32-66 High Street, Stratford, London, E15 2PF
Unsold, the last bid was £2,920,000. Please refer to Auctioneer for Reserve.
A Substantial Recently Refurbished Mixed Use Investment. The Entire Ground Floor is Let to Barratt Homes Producing £158,000 per annum. The Upper Floors Comprise 193 Flats Sold Off on Long Leases Producing a Ground Rent Income of £35,000 per annum. There are Two Telephone Masts Let to Vodafone and Orange Producing £32,000 per annum. Total Combined Income of £225,000 per annum
Note (2nd Column)
Note (3rd Column)
Bold Black Text
Accommodation & Tenancies Schedule
|Property||Tenant||Terms of Tenancy||Current Annual Rent|
|Ground Floor Offices||Barratt Homes Ltd (1)||15 year FRI lease from March 2004. 5 yearly reviews. Next review due in 2014||£158,000|
|193 Flats||Individuals||Each flat is subject to a 999 year lease||£35,000|
|Wall Mounted & Roof Antennae||Orange Plc||20 years from 4/2/08. 5 yearly reviews||£15,000|
|Wall Mounted & Roof Antennae||Vodafone Ltd||20 years from Feb 2003. 5 yearly reviews||£17,000|
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.
Enquire about Central House, 32-66 High Street, Stratford, London, E15 2PF
Sign-up for our newsletter
Get the latest lot details along with new blog posts, straight to your inbox