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Lot 13 - FREEHOLD MIXED USE, COMMERCIAL AND RESIDENTIAL INVESTMENT PROPERTY, PRODUCING £29,200 P.A

123 Lower Clapton Road, London, E5 0NP

Sold for £400,000
Thu Sep 12 2024
11:00am

Property Description

The property is located on Lower Clapton Road (A107), opposite Powerscroft Road, and to the east of Hackney Downs Park, in a busy commercial and residential area. The property has good transport links with Hackney Downs, Hackney Central and Homerton (Overground) all being 300m to the south. The property comprises a four storey (plus basement) terraced building, with a commercial unit on ground and basement, and two long leasehold residential flats over upper floors.

Freehold

(Based on VOA website)

The property comprises the following:

Ground Floor & Basement:
The RSPCA Central and North East branch. Lease expiring 31/12/2029 at £29,000 pa
1,810 Sq Ft (168.22 Sq M)

First Floor to Fourth Floor:Two x2 bedroom flats (not inspected). Both 125 years from 24/06/1986 (87 years remaining) at a ground rent of £100pa each.

TOTAL RENTAL £29,200 PER ANNUM

D

Auction Surveyor : Rob Hills
Contact : 020 7614 9933
Robert.hills@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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