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Lot 17 - A FREEHOLD MIXED COMMERCIAL/RESIDENTIAL INVESTMENT PROPERTY - CURRENTLY PRODUCING £34,400 P.A.

153 Forest Road, London, E17 6HE

Guide Price £450,000 Plus *
Thu Apr 03 2025
11:00am
To be auctioned in :
  • 15
    Days
  • 22
    Hours
  • 31
    Mins
  • 24
    Secs

Property Description

A well-located two-story freehold property featuring a ground-floor retail unit, two self-contained residential apartments, and a rear garage, offering a diverse income stream and strong investment potential. Situated within a bustling local parade, this mid-terrace property benefits from high foot traffic and excellent transport links. With potential for extension or redevelopment (subject to planning consent), it represents an appealing opportunity for investors, developers, or owner-occupi

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The accommodation comprises of the following:
Ground Floor Shop 89 sqm/957 sq.ft approx including shop front, storage room, kitchen, w/c & cellar.
First Floor Flat Front 35sqm/376 sq.ft approx including lounge/bedroom, separate kitchen & bathroom
First Floor Flat Rear 21sqm/215 sq.ft approx including lounge/bedroom/kitchen & bathroom
Garage to rear 50sqm/538 sq.ft approx including shop front, storage area & w/c

Ground Floor Shop Currently let on a 12 month Assured Shorthold Tenancy from 28th Feb 2024 at £11,700 p.a. (Holding over)
First Floor Flat Front Currently let on a 12 month Assured Shorthold Tenancy from 28th Feb 2024 at £6,240 p.a. (Holding over)
First Floor Flat Rear Currently let on a 12 month Assured Shorthold Tenancy from 28th Feb 2024 at £8,100 p.a. (Holding over)
Garage to rear Currently let on a 24 month Assured Shorthold Tenancy from 7th Jan 2024 at £8,400 p.a.

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.

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153 Forest Road, London, E17 6HE

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