This mixed-use commercial and residential property is located in a sought-after area of Forest Gate, East London. Both Maryland and Forest Gate railway stations are nearby, offering convenient access to Central London via the Elizabeth Line.
On the ground floor there is a retail shop and on the first floor there are three bedrooms. We have been advised by the seller that these bedrooms are on a HMO licence.
Retail Shop Ground Floor Open plan sales area with additional toilet facilities.
Tenancy We have been advised by the seller that the shop is let on rolling contract at a current rental of 9,600 per annum.
EPC Rating D (85). Floor area 15 sq.m.
Residential (Behind shop) Ground Floor Entrance, stairs leading to first floor, reception room, kitchen, bathroom with separate W.C. and door to yard area.
First Floor Three rooms.
Outside Private yard area with side access.
Tenancy Two rooms are currently vacant. One room is currently let at 800 per calendar month, however we understand from the Seller that the tenant has been served a Notice and due to vacate no later than the 27th March.
Council Tax Band A
EPC Rating E
Viewings Please note that viewings will only be held in the residential portion of the property. The commercial unit is currently trading so is unavailable for viewings.
Auctioneer's Note We understand from the seller that two rooms were let for 800 per calendar month and one room was let for 160 per week. Estimated rental value is 27,520 per annum. Estimated total income is 37,120 per annum.
Freehold with Part Vacant Possession
Residential EPC: E
Commercial EPC: D
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
Sign up to The Landsite newsletter for the latest member insights, land and properties for sale across the UK, and stay in the know about The
Landsite and what’s happening with us.
Alternatively, follow us on our social media channels
