Freehold Retail Parade comprising Four Units (to be offered individually)
Let to tenant trading as Black Horse Estates 20 year lease expiring June 2026
Forms part of a parade of four retail units to be sold as separate lots
Popular North-East London Location
VAT-free investment
Lot 4
Auction 28th October 2020
Rent £12,000 per Annum Exclusive
Status Sold
Price £235,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6.5 miles north-east of the City of London
Roads
A12, A406 (North Circular)
Rail
Leytonstone Underground Station (Central Line)
Air
London City, London Luton
Situation
Leytonstone is a popular suburb of north-eastern London. The property is located on the east side of Kirkdale Road, less than 100m to Leytonstone Underground Station (Central Line). Nearby occupiers include Sainsbury's, Argos, Subway and Poundland.
Tenure
Freehold.
Location
Miles
6.5 miles north-east of the City of London
Roads
A12, A406 (North Circular)
Rail
Leytonstone Underground Station (Central Line)
Air
London City, London Luton
Situation
Leytonstone is a popular suburb of north-eastern London. The property is located on the east side of Kirkdale Road, less than 100m to Leytonstone Underground Station (Central Line). Nearby occupiers include Sainsbury's, Argos, Subway and Poundland.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Note
Please note the buyer will pay 1.5% VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
EPC
E. See legal pack at www.acuitus.co.uk.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Note
Please note the buyer will pay 1.5% VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
EPC
E. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Unit No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
22
Ground First
Retail Ancillary
15.77 sq m 10.40 sq m
(170 sq ft) (112 sq ft)
N. H. PATEL t/a Black Horse Estates (1)
10 years from 28/06/2016 until 27/06/2026 on a full repairing and insuring lease
£12,000
28/06/2021
Total
26.17 sq m
(282 sq ft)
£12,000
(1) Black Horse Estates was founded in 2005 and is now a leading residential property company working across local, national and international markets (www.blackhorseestates.co.uk)
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.