FREEHOLD RESTAURANT/FLAT INVESTMENT PLUS ADJOINING HOUSE LET ON AST - ALL WITH DEVELOPMENT POTENTIAL
Guide price: £700,000 - £705,000 *
Monday, 11th July 2016 11:00am
Location & Description
Roydon is a village in the Essex countryside about 20 miles from the centre of London and three miles from Harlow. A large period Grade ll listed property in a conservation area partly constructed in the 17th and 18th Centuries. A restaurant with flat above, together with an adjoining attached house on the north side of Epping Road/Harlow Road on the corner with the High Street. Roydon mainline station is just to the north.
First Floor: 2 rooms, shower/WC
Ground Floor: 1 room, small fitted kitchen, storage room
Small courtyard, central heating
Let on AST for 1 year from 24.02.2016 at £850 pcm
Restaurant & Flat (2)
First Floor: 4 rooms (1 small & 1 with stairs to attic storage), fitted kitchen, bath/WC, central heating
Ground Floor: 1,415 sq ft (131.5 sq m) arranged as 2 dining areas, 2 lounges/bars, kitchen
Plus toilets, pump room, ext. store, yard, garden
Subject to repairing and insuring lease to J-M Mbengue & C Mickael (t/a RHB) for 10 years from 01.12.2015 at £40,800 p.a. (rent reviews every 2 years, tenants' break & outside s.24-28 of Landlord & Tenant Act 1954).
Vat is payable but may be a TOGC and the Seller could transfer ownership of the vendor companies.
EQUIVALENT TO £51,000 p.a. WITH DEVELOPMENT POTENTIAL
- Village Location
- Equivalent £51,000 p.a.
- Restaurant, Flat and House
- EPCs : 2 = C, 2a = D
* 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.