150-152 High Street North
East Ham
London
E6 2HT

Pharmacy with Residential Investment

  • Substantial double retail units with two self contained Mainsonettes.
  • Retail Tenant Trading as Pharmacy until 2029
  • Situated in a Busy East London suburb.
  • Potential to reconfigure or extend the residential upper parts (Subject to Consents)
  • VAT Free Investment
  • The property is held in a recently formed Single Purpose Vehicle (SPV) which is available and can result in significant Stamp Duty Savings.
  • Lot
    12
  • Auction
    05/May/2021
  • Rent
    £127,400 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 150-152 High Street North<br>East Ham<br>London<br>E6 2HT
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
6 miles East of the City of London
4 miles north east of London Docklands
2.5 Miles East of Stratford and the Olympic Park
Roads
A406 North Circular Road, A13, M25
Rail
East Ham Underground Station
(District Line)
Air
London City Airport. London Southend Airport. London Stansted Airport, London Heathrow Airport
Situation

East Ham is a busy and popular East London residential suburb. The property is situated on the east side of the vibrant High Street North between Lathom Road and Clements Road. High Street North is the town's main commercial and retailing thoroughfare. Nearby occupiers include Greggs, State Bank of India, Wilko, Ladbrokes and an eclectic mix of local traders.

Tenure

Freehold.

Description

The property is two mid terraced mix use buildings with the ground floor combined to form a large single retail unit. The upper parts comprise two 4 room self contained maisonettes that are accessed from the rear passageway via Clements Road. Each maisonette benefits from a rear terrace. The residential upper parts may benefit from being reconfigured or extended (Subject to Consents)

VAT

VAT is not applicable to this lot.

Completion Period

Long Dated Completion Available.

EPC

See legal pack.

Tenancy & Accommodation

Building
No.
FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
150 to 152Basement
Ground
Ancillary
Retail
78.10 sq m
213.02 sq m
(841 sq ft) (2)
( 2293 sq ft) (2)
Pharmacy Team
Limited (CRN
07035691) (1)
20 years from
14th September
2009 until 2029
£95,00014th
September
2024
150AFirst
Second
Residential
4 Room Maisonette
IndividualsAssured
Shorthold
Tenancy for a
term of of 2 years
from 27/01/2017
Holding over.
£15,600 (3) 
152AFirst
Second
Residential
4 Room Maisonette
IndividualsAssured
Shorthold
Tenancy for a
term of 2 years
from 27 / 01/2017
Holding over.
£16,800 (3) 
Total Commercial
Floor Area
291.12 sq m
(3,134 sq ft)
  £127,400 

(1) Pharmacy Team Limited was incorporated in 2009.
(2) The floor areas stated above have been published by the Valuation Office Agency at www.tax.service.gov.uk/business-rates-find/valuations/15769549000
(3) As to the residential tenancies, the rents stated above have been annualised.
(4) The property is held in a recently incorporate Single Purpose Vehicle (SPV) the purchase of which is available and can result in a significant Stamp Duty Savings.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    27.04.21
    File Size
    15 MB
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  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    16.04.21
    File Size
    702 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
AKL Solicitors 6th Floor, First Central 200, Park Royal
London
NW10 7FQ
Priscilla Dittrich 020 3137 3676priscila@akl.org.uk

Useful Links

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