Shop

TO BE SOLD BY ONLINE AUCTION AS LOT 50 ON THURSDAY 14 SEP 2023 - Freehold Shop and Ground Rent Investment

In Same Ownership
for approximately 16 years

London Borough of Tower Hamlets

Situated on Roman Road, close to local shopping/travelling facilities including Mile End Underground Station (Central, District and Hammersmith & City Lines). Victoria Park is also nearby.

A Terrace Building comprising a Ground and Lower Ground Floor Shop Premises and Two Self-Contained Flats sold off on lease terms as follows:

Flat A. 999 years from 6th November 2007 at a ground rent of £100 per annum.

Flat B. 999 years from 6th November 2007 at a ground rent of £100 per annum.

Ground and Lower Ground Floor Shop Premises comprising:

Ground Floor
• Retail Premises

Lower Ground Floor
• One Room
• WC

The shop is currently let on a fully repairing and insuring lease term of 15 years commencing on the 4th May 2020 at a rent of £14,000 per annum with the first rent review due on the 4th May 2025.

Commercial EPC Rating: D

Producing: £14,200 per annum

In accordance with Section 5B of the Landlord and Tenant Act 1987 notices have been served on the lessees. The lessees have not reserved their rights of first refusal.

Inspection: By arrangement with the Auctioneers