Retail rent reviewed 3 yearly to greater of Open Market rent or a 10% increase.
11 miles east of Central London
100 metres from Goodmayes Crossrail Station
Neighboring occupiers include, Tesco Extra, Costa Coffee, Wickes, Curry's PC World, B&M Bargains and Carpetright
Lot 3
Auction 23rd September 2020
Rent £24,000 per Annum Exclusive
Status Sold
Price £409,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
11 miles east of Central London
4 miles east of Stratford and the Olympic Park
4 miles west of Romford
Roads
B177, A118, A12, M25
Rail
Goodmayes Cross rail Station
Air
London City Airport (4 Miles),
London Southend,
London Stansted, London Heathrow
Situation
Goodmayes is located in east London, approximately 1.5 miles east of Ilford and 4 miles west of Romford. The property is prominently located on the west side of the busy Goodmayes Lane approximately 100 metres from Goodmayes Railway Station. Nearby occupiers include, Tesco Extra, Costa Coffee, Wickes, Curry's PC World, B&M Bargains, Carpetright and an eclectic mix of local retailers.
Tenure
Freehold.
Location
Miles
11 miles east of Central London
4 miles east of Stratford and the Olympic Park
4 miles west of Romford
Roads
B177, A118, A12, M25
Rail
Goodmayes Cross rail Station
Air
London City Airport (4 Miles),
London Southend,
London Stansted, London Heathrow
Situation
Goodmayes is located in east London, approximately 1.5 miles east of Ilford and 4 miles west of Romford. The property is prominently located on the west side of the busy Goodmayes Lane approximately 100 metres from Goodmayes Railway Station. Nearby occupiers include, Tesco Extra, Costa Coffee, Wickes, Curry's PC World, B&M Bargains, Carpetright and an eclectic mix of local retailers.
Tenure
Freehold.
Description
The property comprises a ground floor retail accommodation and a self contained one bedroom maisonette on the first and second floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See legal pack.
Description
The property comprises a ground floor retail accommodation and a self contained one bedroom maisonette on the first and second floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Retail
27.44 sq m
(295 sq ft)
INDIVIDUAL T/A Yummy Chicken
25 years from 14/07/2008 until 2033
£14,400 (1)
2023 and every 3 years (1)
First Second
1x Maisonette
17.36 sq m 17.36 sq m
(187 sq ft) (187 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy for a term of 4 years from 1st June 2018 untilJune 2022
£9,600 (2)
Total
62.16 sq m
(669 sq ft)
£24,000
(1) The lease provides for the rent to be reviewed to the higher of Open Market rental value or the current rent plus 10% (2) As to the Assured Shorthold Tenancy agreement, the rent shown above has been annualised.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
