FREEHOLD INVESTMENT PROPERTY
COMMERCIAL UNIT (A2)
1 BED SELF-CONTAINED FLAT ON REAR FIRST FLOOR
2 BED SELF-CONTAINED MAISONETTE ON FIRST AND SECOND FLOOR
Gross internal area;
Retail Shop Ground Floor 109.15 m2 / 1,174.88 ft
Basement 14.73 m2 / 158.55 ft
1st & 2nd floor self-contained
2 bed Maisonette 58.42 m2 / 628.82 ft
Rear 1st floor self-contained
1 bed flat 32.80 m2 / 353.10 ft
Location: East Ham is a densely populated area forming part of the London Borough of Newham and situated east of Charing Cross.
The subject property lies on the west side of High Street North (A117) located within a parade of shops between its junction with Heigham Road to the North and Bendish Road to the south.
The area comprises of an excellent shopping district with a host of high street multiples, banks and restaurants adjoining to and located near to the subject property.
The property lies close to a very busy highway with excellent bus facilities including East Ham Tube station (District and Hammersmith & City) less than a minute walk.
Description: The property comprises a three-storey building arranged as a ground floor and basement A2 retail unit trading as money lender with staffroom, WC and kitchen to the rear. There is a separate rear access via the estate service road leading to communal external stairs providing access to a 1st floor terrace with separate doors entry to self-contained 1 bed flat and a 2 bed maisonette as well as direct access to the rear of the commercial unit.
Rates: Billing Authority: London Borough of Newham
Current Rent
Reserve: £65,800 per annum
Price: We are instructed to seek offers in excess of £1.2m subject to contract and
existing tenancies as above, for the freehold interest in the property.
VAT: VAT is NOT applicable to this property
EPC: 175 High Street North: Rating F (132)
175A High Street North: Rating C (76)
175B High Street North: Rating D (61)
Legal Costs: Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to the landlord’s abortive costs if the purchaser withdraw from the transaction.
Viewing: Strictly by appointment through the sole agent:
N/A
Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.
