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No longer on the market

This property is no longer on the market

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Guest house

Guest house
Added > 14 days

Features and description

  • Leasehold pub/restaurant investment
  • Vacant first floor - 6 room/kitchen/reception/WC/two shower rooms
  • Asset management opportunities
  • Freeholder Tower Hamlets
  • Currently producing £19,200 per annum (part vacant)
  • Online Auction on Wednesday, 04 November 2020

The property comprises a detached building arranged over basement, ground and first floors beneath a pitched roof. The property is internally arranged to provide a basement/ground floor public house and restaurant together with vacant self-contained first floor rooms above which is accessible via a side gate to the left hand side of the property. The basement is about 69.5 sq m (748 sq ft) and the ground floor about 171.3 sq m (1,844 sq ft). The vacant first floor consists of six rooms, kitchen, shower room with WC, and further shower room with separate WC (A floor plan is available in the legal pack). There is also a very large loft (not inspected). The pub is up and trading.


Location:

The property is located on the south side of Devons Road (B140) opposite its junction with Whitethorn Street. The pub is surrounded by a lot of residential property providing a strong footfall. Devons Road DLR Station is located within a short walk to the east with Bromley-by-Bow Underground Station to the east and providing access to Circle, District and Hammersmith & City Lines. Mile End Road (A11), Abbott Road (A12) and Commercial Road (A13) all give direct access to the City and Central London.


Accomodation:


Online Auction on Wednesday, 04 November 2020. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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