We use cookies to track visits to our website, we store no personal details.

hi

Home » Property Search » Auctions » Current Auction » Units 1, 2, 3 & 4, Shaftesbury Court Shaftesbury Road, Leyton, E10 7DA

Lot 30 - Units 1, 2, 3 & 4, Shaftesbury Court Shaftesbury Road, Leyton, E10 7DA

LotImage
LotImage
LotImage
LotImage
LotImage
LotImage

By Order of Trustees

FREEHOLD COMMERCIAL GROUND RENT INVESTMENT

Guide price: £340,000 - £350,000 *

Auction Date

Tuesday, 27th March 2018 11:00am

Location & Description

Comprising the majority of a local industrial estate (4 out of 6 units) just off Church Road, about ½ mile south of Lea Bridge Road (A104) and Markhouse Corner with good road links via the A12 which links with the North Circular Road (A406).

Accommodation

Each unit is let for 300 years from 25.03.1981 with rent reviews in 2021 and 5 yearly thereafter based on 15% of the rack rental value (refer to leases). The ground rents are as follows:

Unit 1: Current ground rent of £2,675 p.a. Rent review 2016 outstanding (Notice served at £3,900 p.a.)
Unit 2: Current ground rent of £3,500 p.a.
Unit 3: Current ground rent of £3,000 p.a. Rent review 2016 outstanding (Notice served at £3,900 p.a.)
Unit 4: Current ground rent of £3,965 p.a.

Land Adj. Unit 3: Let on repairing and insuring lease to Titan Forge Ltd for 10 years from 23.12.2014 at £1,150 p.a. Rent review and tenant's break 23.12.2019 on 6 months notice and £2,000 payment.

EQUIVALENT TO £14,290 p.a. WITH TWO OUTSTANDING RENT REVIEWS

Result

Sold for £364,000

* 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. 

  • viewing iconProxy Bidding Form
  • Pre-Register to Bid
  • enquiry iconProperty Enquiry
  • email shareSend To A Friend
  • print iconPrint Details
  • legal document iconView Legal Documents
  • pdfPDF

* 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.