Home » Property Search » Auctions » 09/02/17 » The Queens Head, 8 Flamborough St, Limehouse, E14 7LS

Lot 25 - The Queens Head, 8 Flamborough St, Limehouse, E14 7LS

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LONG LEASEHOLD COMMERCIAL INVESTMENT

Guide price: Sold Prior £685,000 *

Auction Date

Thursday, 9th February 2017 11:00am

By Order of a Charity

Location & Description

A Grade II listed prominent corner property (within the York Square Conservation Area) comprising a ground floor public house with cellar storage and internal and separate front access (via a single staircase) to a manager's flat on two upper floors.
Overlooking York Square within this popular residential area north of Commercial Road (A13) and within a short walking distance of Limehouse station (mainline & DLR). Canary Wharf is about a mile away.

Accommodation

Ground Floor Public House: 1,291 sq ft (120 sq m), male & female WCs, enclosed yard
Cellar Storage: 733 sq ft (68 sq m) - restricted head height
First & Second Floor Manager's Flat: 6 rooms, utility room (with access to roof terrace), kitchen, bathroom/WC, sep. WC
The entire property is let on a repairing and insuring lease to Young & Co's Brewery Plc for 20 years from 01.10.1998 at £24,000 p.a.

Lease Details

125 years from 10.06.2013 at a peppercorn

Note

The property has been listed as an 'Asset of Community Value' by London Borough of Tower Hamlets

EQUIVALENT TO £24,000 p.a.

EPC Rating

Public House & Manager's Flat - E

Property Features

  • Public House & Residential Upper Part
  • Entirely Let to Young & Co's Brewery Plc
  • Equivalent £24,000 p.a.

Result

Sold Prior for £685,000

Addendum

1. We are advised that there is a sub tenancy in place.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates. 

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.