Four Freehold Retail Investments (To be offered as four separate lots)
Let to tenant trading as Kingsley & Co Chartered Accountants
Four shops to be offered as separate lots
Directly opposite Leytonstone bus station in popular North-East London Location
VAT-free investment
Lot 2
Auction 28th October 2020
Rent £10,000 per Annum Exclusive
Status Sold
Price £162,000
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
Situation
Leytonstone is a popular suburb of east London. The property is located on the east side of Kirkdale Road, less than 100m from Leytonstone Underground Station (Central Line), and directly opposite Leytonstone Bus Station. Nearby occupiers include Sainsbury's, Argos, Subway and Poundland.
Tenure
Freehold. Each is offered 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
Situation
Leytonstone is a popular suburb of east London. The property is located on the east side of Kirkdale Road, less than 100m from Leytonstone Underground Station (Central Line), and directly opposite Leytonstone Bus Station. Nearby occupiers include Sainsbury's, Argos, Subway and Poundland.
Tenure
Freehold. Each is offered Freehold.
Description
The property comprises four adjoining ground floor shops, each with ancillary accommodation at first floor level.
VAT
VAT is not applicable to this lot.
Note
Please note the buyer of each lot 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
Various. See legal pack at www.acuitus.co.uk.
Description
The property comprises four adjoining ground floor shops, each with ancillary accommodation at first floor level.
VAT
VAT is not applicable to this lot.
Note
Please note the buyer of each lot 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
Various. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Unit No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
20
Ground First
Office Ancillary
12.30 sq m 8.60 sq m
(132 sq ft) (93 sq ft)
K. ODAMEDANQUAH t/a Kingsley & Co Chartered Accountants (1)
5 years from 25/03/2020 until 24/03/2025 on a full repairing and insuring lease
£10,000
Total
20.90 sq m
(225 sq ft)
£10,000
(1) Kingsley & Co Chartered Certified Accountants and Tax Consultants based in Leytonstone, East London, providing a wide range of accountancy services and advice for business start ups, small and medium size businesses in London and Essex (www.kingsleyandco.co.uk). The tenant was previously trading at the property under a lease that expired in 24/03/2020. The rent increased from £8,000 pa to £10,000 pa in March 2020.
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.