522 - 524 Roman Road Bow London E3 5ES

522 - 524 Roman Road
Bow
London
E3 5ES

Freehold Retail and Residential Investment

  • Two retail units located on historic and bustling market street
  • Popular East London suburb
  • Unit 524 let until 2025 (no breaks)
  • Nearby occupiers include Costa, Ladbrokes and Superdrug
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    3
  • Auction
    25th May 2017
  • Rent
    £38,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £475,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Major Asset Managers
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Two retail units located on historic and bustling market street
  • Popular East London suburb
  • Unit 524 let until 2025 (no breaks)
  • Nearby occupiers include Costa, Ladbrokes and Superdrug
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 3
  • Auction 25th May 2017
  • Rent
  • Status Sold
  • Price £475,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Major Asset Managers

Property Information

Location
Miles
2.7 miles East of the City of London
Roads
A11, A12
Rail
Bethnal Green, Mile End and Bow Road Undergorund Station. Bow Church DLR
Air
London City Airport
Situation

Bow is a popular east London suburb which lies less than 3 miles east of the City of London, adjacent to the Queen Elizabeth Olympic Park at Stratford. The property is located on Roman Road, a historic and bustling market street which hosts its famous markets three times a week. Roman Road is within close proximity of Mile End and Bow Road underground stations (Hammersmith & City and Central Lines) as well as Bow Church DLR. Nearby occupiers include Costa, Ladbrokes and Superdrug as well as a number of independent retailers.

Tenure

Freehold.

Location
Miles
2.7 miles East of the City of London
Roads
A11, A12
Rail
Bethnal Green, Mile End and Bow Road Undergorund Station. Bow Church DLR
Air
London City Airport
Situation

Bow is a popular east London suburb which lies less than 3 miles east of the City of London, adjacent to the Queen Elizabeth Olympic Park at Stratford. The property is located on Roman Road, a historic and bustling market street which hosts its famous markets three times a week. Roman Road is within close proximity of Mile End and Bow Road underground stations (Hammersmith & City and Central Lines) as well as Bow Church DLR. Nearby occupiers include Costa, Ladbrokes and Superdrug as well as a number of independent retailers.

Tenure

Freehold.

Description

The property comprises two ground floor retail units with four self contained residential flats arranged over first and second floors which have been let on long leases.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two ground floor retail units with four self contained residential flats arranged over first and second floors which have been let on long leases.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)

524
(Unit 1)
Ground
Retail
129.13 sq m
1,390 sq ft
INDIVIDUAL t/a Fair Price
Cash & Carry
20 years from
03/03/2005
£24,000
(02/03/2025)
522
(Unit 2)
Ground
Retail
43.29 sq m
466 sq ft
INDIVIDUALS t/a Five Star Nails
Beauty Salon
9 years 10
months approx
from 05/10/2007
£13,600
(12/08/2017)
Flats 1,
2, 3, & 4
First & Second
Residential
Not measured
INDIVIDUALS (1)
Four separate leases for a term
of 125 years from
24/03/2002 until
24/03/2127
£400 (2)
24/03/2027
and 25
yearly (3)
Total Commercial Area
 
172.42 sq m
1,856 sq ft
    £38,000
 

(1) The seller has served a notice on the residential tenants, pursuant to Section 5B of the Landlord and Tenant Act 1987.
(2) Each lease provides a rent of £100 p.a.x.
(3) The rent for each flat will increase to £125 p.a. in 2027 and then by £50 p.a. at each subsequent review

Property Documents

  • Catalogue Page
    Updated Date
    03.05.17
    File Size
    696 KB
    View PDF
  • Site Plan
    Updated Date
    03.05.17
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Grace Laws 020 3036 7267 glaws@fladgate.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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