Thinking of buying or selling call 020 8599 9911

   

FOR SALE FREEHOLD - SHOP AND RESIDENTIAL UPPERS + REAR EXTERNAL SELF-CONTAINED FLAT

293 HIGH ROAD, LEYTONSTONE, E11 4HH

1,707 sq.ft ( 158.59 m2  )

Key Features

•  Potential to extend STPP
•  Prominent location
•  Asset maximisation Opportunity

Location

The property is conveniently located on High Road Leytonstone between the junctions of Victoria Road and Thorne Close. ½ mile from Maryland railway station and ¾ mile from Leyton underground station (Central line). Westfield Stratford is about a mile away.

Accommodation

2 storey semi-commercial property of solid brickwork construction. Ground floor commercial premises with 2 bedroom flat (not inspected) to first floor level. Rear external outbuilding of cavity wall construction arranged as a self-contained 1 bedroom flat. Approximate areas are as follows on a Net Internal basis for the ground floor and externally to the rear, in accordance with IMPS 3B:
Commercial Total 519 sq.ft ( 48.22 m2  )
First floor residential (2 bedroom flat)497 sq.ft ( 46.17 m2  )
Rear of 293 (1 bedroom flat)691 sq.ft ( 64.20 m2  )
Total1,707 sq.ft ( 158.59 m2  )

Lease Terms

293 High Road (commercial premises at ground floor level and first floor 2 bedroom flat) is held by virtue of a Full Repairing and Insuring (FRI) lease for a term of 15 years commencing 11 November 2011 inside the Security of Tenure provisions of the L&T Act 1954 with 3 yearly upward only rent reviews to market level. We are advised that the current rent passing is £1,600.00 per calendar month i.e £19,200.00 per annum exclusive.

R/o 293 High Road Leytonstone is let by way of an AST producing £900.00 PCM i.e £10,800.00 per annum exclusive.

The total rent reserved is therefore £30,000.00 per annum exclusive.

Price

Rates

Rateable Value£8,100
UBR 2020/202151.2p
Rates Payable£4,147.20
Interested parties are advised to verify these figures and check what banding of Council Tax the residential elements of the building fall under with the London Borough of Waltham Forest on 020 8496 3000

Energy Performance Asset Rating

A+
A
B
C
75
This is how energy efficient
this building is
D
E
F
G

VAT

Value Added Tax is not applicable in respect of this property.

Service Charge

A service charge is not applicable in respect of this property.

Legal Costs

Each party to bear their own legal costs.

Viewing

Strictly by prior appointment with joint sole letting agents Taylor Freeman Kataria and Brian Thomas.

Contact:

Rajiv Kataria

Rajiv@cliffords-estates.co.uk

OR

Amaal Khan

Amaal@brianthomas.co.uk

GET IN TOUCH

TFK 306, Green Lane, Ilford IG1
020 8599 9911

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