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Lot 33 - 168/168A Plashet Road, Plaistow, E13 0QT

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BY ORDER OF TRUSTEES

FREEHOLD COMMERCIAL INVESTMENT PLUS FLAT LET ON AST

Guide price: £450,000 - £460,000 *

Auction Date

Tuesday, 11th July 2017 11:00am

Location & Description

An end of terrace property on the corner with Raymond Road comprising a shop and basement with separate access to a large self-contained split-level flat. On the south side of Plashet Road almost at the junction with the well known Green Street and less than ¼ mile from Upton Park underground station (District and Hammersmith & City lines).
Nearby occupiers include Barclays and Paddy Power with other multiples in Green Street.

Accommodation

Shop:
Sales area: 300 sq ft (27.9 sq m)
Basement: 2 storage rooms (1 with WC)
Electric roller shutters.
Subject to a repairing & insuring lease to Abdul Razzak (who we understand sublets) for 25 years from 06.05.2015 at £11,000 p.a. (5 year reviews).

Self-Contained Flat:
Top Floor: Bathroom/WC
First Floor: 2 rooms
Half Landing: 1 room
Lower Floor: 1 room, fitted kitchen
Rear garden off shared passageway
Central heating, double glazing
Let on AST for 12 months from 20.04.2015 (holding over) at £1,300 pcm

EQUIVALENT TO £26,600 p.a.

EPC Rating

Shop: E - Flat: F

Property Features

  • Freehold
  • Shop & Flat Let
  • Equivalent to £26,600 p.a.
  • In Same Family Ownership for over 50 years

VIEWINGS

Tuesday 27th June at midday
Tuesday 4th July at midday
Friday 7th July at midday

Result

Sold for £460,000

Joint Agent

 Wonderlease Tel: 020 8509 3000 Attn: Adrian Cohen

Addendum

In the special conditions the search fees of £788 (inclusive of Vat) have been inserted.

* 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.