Commercial Investment property arranged as 4 retail units, a self-contained basement accessed from the rear.
Location
Leytonstone is a mixed residential suburb located in east London, within the London Borough of Waltham Forest. It's situated approximately 11 km (7 miles) to the Northeast of Central London and offers good traffic links to the A12, A406 (North Circular) and M11. Leytonstone underground station is within walking distance and provides regular services to the heart of London via the Central Line.
High Road Leytonstone is a long retail street that boasts many independent retailers, trendy shops, restaurants, coffee shops and bars. Some popular national chains in the area include Costa Coffee, Tesco, McDonalds.
Accommodation
696b - 18 sq m (193.75 sq ft)
696c - 14.4 sq m (155 sq ft)
696 - 92.79 sq m (998.78 sq ft)
696d - 6 sq m (64.58 sq ft)
Basement - 165 sq m (1,400 sq ft
Terms
Schedule of Tenancies and approximate property sizes.
Ground Floor
696b – Optim Estates Paying a rent at £930 pcm, currently holding over
696c – AA Star Beauty Paying a rent at £650 pcm, currently holding over
696 – River Kwai – 7-year lease exp Dec 2025 paying £2200 pcm
696d – Vacant
[n.b the borrower has advised that the rents above are being paid by the present tenants]
Basement - Vacant requiring full renovation, accessed from rear– 165 m2 / 1400 sq. ft.
Tenure: A new 999 Year lease will be granted.
Price: Seeking offers in the region of £450,000, subject to contract and receivership conditions.
Receivership Sale: The Property is being marketed for sale on behalf of LPA Receivers and therefore, as is usual in a receivership sale, no representations, warranties or guarantees in any respect, will be given. The Receivers are not bound to accept the highest or indeed any offer and they act as agents of the borrower and without personal liability.
Legal Costs: Each Party to pay their own legal costs
Anti-Money Laundering: Due to recent changes in the Anti Money Laundering regulation, it is now standard procedure to undertake a Personal and Company and general AML checks.
Specification
- Ground Floor & Basement
- Town Centre Location
- Close to Leytonstone Station
- Income Prod. Investment
- 4 Retail Tenants
- Total Income £45,360 pax
- Vacant Basement