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Lot 30 - 159 Lower Clapton Road, Clapton, E5 8EQ

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LEASEHOLD COMMERCIAL INVESTMENT

Guide price: £325,000 plus *

Auction Date

Thursday, 9th February 2017 11:00am

Location & Description

A ground floor commercial unit currently trading as a café on the west side of Lower Clapton Road on the corner with Rowhill Road about 500 metres from its junction with Lea Bridge Road and Upper Clapton Road.

Public transport is provided by numerous bus routes and Clapton mainline station is within ½ mile.

ACCOMMODATION (Not inspected)

Ground Floor Shop: 735 sq ft (68.3 sq m)
Basement: 550 sq ft (51.1 sq m)
Rear yard
Subject to a lease to A. Solak for 12 years from 29.07.2015 at £20,500 pa. with a review in 2019

Lease Details

125 years from 25.12.1985

EQUIVALENT TO £20,500 p.a.

Result

Sold for £325,000

* 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.