Freehold Retail Parade comprising Four Units (to be offered individually)
Let to tenant trading as Dog's Dinner 20 year lease expiring December 2024
Forms part of a parade of four retail units to be sold as separate lots
Popular North-East London Location
VAT-free investment
Lot 5
Auction 28th October 2020
Rent
Status Sold
Price £239,000
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
B. 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
B. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Unit No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
23
Ground First
Retail Ancillary
23.32 sq m 14.83 sq m
(251 sq ft) (160 sq ft)
A. HAKKI t/a Dog’s Dinner
10 years from 25/12/2014 until 24/12/2024 on a full repairing and insuring lease
£14,000 (1)
Total
38.15 sq m
(411 sq ft)
£14,000
(1) The rent increased from £12,000 pa to £14,000 pa in December 2019.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.