Home » Property Search » Auctions » 11/07/16 » 2/2A High Street, Roydon, Essex, CM19 5HJ

Lot 28 - 2/2A High Street, Roydon, Essex, CM19 5HJ

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FREEHOLD RESTAURANT/FLAT INVESTMENT PLUS ADJOINING HOUSE LET ON AST - ALL WITH DEVELOPMENT POTENTIAL

Guide price: £700,000 - £705,000

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.

Accommodation

House (2A)
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).

Note

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

Property Features

  • Village Location
  • Freehold
  • Equivalent £51,000 p.a.
  • Restaurant, Flat and House
  • EPCs : 2 = C, 2a = D

Result

Sold £675,000

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