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Lot 31 - 349 & 349a Ley Street, Ilford, Essex, IG1 4AA

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FREEHOLD COMMERCIAL INVESTMENT PLUS GROUND RENT

Guide price: £140,000 - £150,000 *

Auction Date

Tuesday, 11th July 2017 11:00am

Location & Description

A two storey end of terrace property comprising a shop and self-contained flat. On the west side of Ley Street in a mixed use local parade between Brisbane Road and Vicarage Lane and under a mile from Ilford town centre and mainline station.

Accommodation

Ground Floor Shop (349): 398 sq ft (37.6 sq m). Let on a repairing and insuring lease to Ladbrokes Betting and Gaming Limited for 5 years from 28.11.13 at a rent of £6,750 p.a.
First Floor Flat (349A): Sold on a 125 year lease from 2016 at a ground rent of £200 p.a.

EQUIVALENT TO £6,950 p.a.

EPC Rating

D

Result

Sold for £220,000

Addendum

There are NEW special conditions as pages 7 & 8 have been updated in reference to the signed transfer and whether the seller's title is registered.

* 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.