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Lot 33 - 583-585 High Road, Leyton, E10 6PY

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FREEHOLD COMMERCIAL INVESTMENT WITH DEVELOPMENT POTENTIAL

Guide price: £550,000 - £560,000 *

Auction Date

Tuesday, 5th December 2017 11:00am

Location & Description

A rectangular shaped site on the west side of High Road Leyton (A112) in between residential and a parade of shops almost opposite the junction with Hainualt Road and directly opposite The Exchange, modern residential development.
Leyton Midland Road mainline station is within walking distance.

Note

Subject to planning permission the site is suitable for development.

EQUIVALENT TO £11,500 p.a.

SITE AREA:

2,688 sq ft (250 sq m)

Subject to a repairing and insuring lease to Mr J T Chambers (by way of assignment) for 20 years from 23.06.1991 currently holding over at a rent of £11,500 p.a.

Result

Sold Prior for £595,000

* 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.