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Lot 18 - A FREEHOLD MIXED COMMERCIAL/RESIDENTIAL INVESTMENT PROPERTY - CURRENTLY PRODUCING £38,100 P.A.

151 Forest Road, London, E17 6HE

Sold for £550,000

Thu Apr 03 2025

11:00am

Property Description

A well-positioned two-story freehold property comprising a ground-floor retail unit, three self-contained residential apartments, and a separate garage at the rear, providing a diverse income stream and investment potential. Located within a thriving local parade, this mid-terrace property benefits from strong footfall and excellent transport links. With scope for extension or redevelopment (subject to planning consent), it presents an attractive opportunity for investors, developers, or owne

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The accommodation comprises of the following:
Ground Floor Shop 27 sqm/290 sq.ft approx including shop front & w/c.
Ground Floor Flat Rear 27sqm/290 sq.ft approx including lounge/bedroom, separate kitchen, bathroom & Private Garden
First Floor Flat Front 35sqm/376 sq.ft approx including lounge/bedroom, separate kitchen & bathroom
First Floor Flat Rear 20sqm/215 sq.ft approx including lounge/bedroom/kitchen & bathroom
Garage to rear 52sqm/559 sq.ft approx including shop front, storage area & w/c

Ground Floor Shop Currently let on a 12 month Lease from 28th Feb 2024 at £10,200 p.a. (Holding over)
Ground Floor Flat Rear Currently unoccupied
First Floor Flat Front Currently let on a 12 month Assured Shorthold Tenancy from 14th Jun 2024 at £12,600 p.a.
First Floor Flat Rear Currently let on a 12 month Assured Shorthold Tenancy from 28th Feb 2024 at £7,500 p.a. (Holding over)
Garage to rear Currently let on a 12 month Assured Shorthold Tenancy from 28th Feb 2024 at £7,800 p.a. (Holding over)

Auction Surveyor: Bryn Nettle
Contact: 07854 829415 bryn.nettle@strettons.co.uk

* 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.