Comprises Ground Floor Convenience Store, 2 x Retail Units with Nine Self-Contained Flats
Popular North East London Location close to Walthamstow Central Station
Prominent Position of Busy Arterial Route (A112)
Ground Floor Retail Area of 556.85 sq m (5,994 sq ft)
Total Approximate Site Area of 0.1 Ha (0.2 Aces)
Active Asset Management Opportunities
Nearby occupiers include Barclays Bank, Paddy Power, Costa Coffee and an eclectic mix of independent restaurants, cafes and businesses
Lot 9
Auction 22nd September 2022
Rent £221,207 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
5 miles north of Canary Wharf, 5 miles north east of the City of London
Roads
A12, A10, A406, A112
Rail
Walthamstow Central Railway Station (Overground, Victoria)
Air
London Heathrow Airport, London Gatwick Airport, London City Airport, London Stanstead Airport
Situation
The property is located in the affluent and popular east London suburb of Walthamstow. The property is situated on the east side of Hoe Street (A112) approximately 50 metres from Walthamstow Central Station with a 16 minute journey time to London Kings Cross Railway Station. Nearby occupiers include Barclays Bank, Paddy Power, Costa Coffee and an eclectic mix of independent restaurants, cafes and businesses.
Tenure
Freehold.
Location
Miles
5 miles north of Canary Wharf, 5 miles north east of the City of London
Roads
A12, A10, A406, A112
Rail
Walthamstow Central Railway Station (Overground, Victoria)
Air
London Heathrow Airport, London Gatwick Airport, London City Airport, London Stanstead Airport
Situation
The property is located in the affluent and popular east London suburb of Walthamstow. The property is situated on the east side of Hoe Street (A112) approximately 50 metres from Walthamstow Central Station with a 16 minute journey time to London Kings Cross Railway Station. Nearby occupiers include Barclays Bank, Paddy Power, Costa Coffee and an eclectic mix of independent restaurants, cafes and businesses.
Tenure
Freehold.
Description
The property comprises an extensive ground floor convenience store unit and two further ground floor retail units with prominent frontage onto Hoe Street, together with nine residential flats on the first and second floors. The flats are accessed from the rear of the property via Cobble Path and from Hoe Street.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an extensive ground floor convenience store unit and two further ground floor retail units with prominent frontage onto Hoe Street, together with nine residential flats on the first and second floors. The flats are accessed from the rear of the property via Cobble Path and from Hoe Street.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) The rent is to be reviewed to the higher of Open Market Rental Value or to RPI (cap and collar at 1.5% - 4.0%). (2) Delight Wedlinka are European and Polish food retailer, opening its first store in 2007 and operate from 6 locations across London. (www.delight-wedlinka.co.uk) (3) Eastbank Studios is a property agency and management company incorporated in 1984. (www.eastbank.co.uk). (4) The tenant has made an offer to extend their lease. Please refer to the legal pack for further information. (5) The Tenant is currently holding over.
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.
