Freehold Retail Parade comprising Four Units (to be offered individually)
Let to tenant trading as Dill Curry House 43 year lease expiring June 2034
Tenant in occupation since 1991
Forms part of a parade of four retail units to be sold as separate lots Popular North-East London Location
VAT-free investment
Lot 3
Auction 28th October 2020
Rent £12,300 per Annum Exclusive
Status Sold
Price £195,000
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 takeaway restaurant 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
D. See legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor takeaway restaurant 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
D. See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Unit No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
21
Ground First
Retail Ancillary
13.81 sq m 5.61 sq m
(149 sq ft) (60 sq ft)
A. HAQUE t/a Dill India Takeaway
21 years from 24/06/2013 until 23/06/2034 on a full repairing and insuring lease
£12,300 (1)
24/06/2022 and 3 yearly thereafter
Total
19.42 sq m
(209 sq ft)
£12,300
(1) The rent increased from £11,000 pa to £12,300 pa in June 2019.
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.