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Residential properties for auction in Forest Gate, London

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** AVAILABLE - REFER TO AUCTIONEER **

LOCATION & DESCRIPTION
A large terraced double shop unit and small basement with 3 self-contained flats on the east side of the busy Woodgrange Road close to Sebert Road and Forest Lane. Nearby occupiers include Tesco Express, Poundland, Iceland and (in Romford Road) Barclays Bank. Wanstead Park overground station and Forest Gate mainline station (Crossrail/Elizabeth line in 2019) are within a short walk.

ACCOMMODATION
Ground Floor Double Shop: 2,525 sq ft (234.7 sq m)
Basement
Subject to a repairing and insuring lease to Polonez Ltd (t/a a Polish Delicatessen) for 10 years from 12.01.2016 (with rent review and break clause 12.01.2021 and outside s24-28 of the Landlord & Tenant Act 1954) at £40,000 p.a.
86a & 88a: 2 flats each comprising 4 rooms, kitchen, bathroom/WC
86a let on AST for 12 months from 24.04.18 at £1,386.66 pcm
88a let on AST for 12 months from 14.10.17 at £1,430 pcm
86b: Split level flat (with planning permission) comprising 3 rooms (1 with kitchen area) shower/WC
Let on AST for 12 months from 02.02.18 at £1,000 pcm
Communal roof terrace

EQUIVALENT TO £85,799.92 p.a.

PROPERTY FEATURES
Freehold
Double Shop & 3 Flats
Equivalent to Approximately £86,000 p.a.
Flats 86a, 88a & 86b: All E and Shop 86-88: C

ADDENDUM
The property is in a conservation area.
86-88, Woodgrange Road, London, E7 0EW
SUBSTANTIAL FREEHOLD COMMERCIAL INVESTMENT PLUS 3 FLATS LET ON ASTS
Type: Flat, General Retail, Residential, Retail
Location: 86-88 Woodgrange Road, E7 0EW
Images: 1
Brochures: 1
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*UNSOLD, THE LAST BID WAS £1,330,000. PLEASE REFER TO AUCTIONEER FOR RESERVE*

A WELL LOCATED GRADE II LISTED FIVE BEDROOM DETACHED HOUSE OFFERED WITH VACANT POSSESSION. POTENTIAL FOR DEVELOPMENT OR RECONFIGURATION (SUBJECT TO OBTAINING ALL RELEVANT CONSENTS).

Tenure
Freehold

Location
The property is situated in the East London area of Forest Gate close to local shops and amenities. The open spaces of West Ham Park are within easy reach. Transport links are provided by both Forest Gate and Maryland rail stations.

Description

The property comprises a five bedroom grade II listed detached house arranged over lower ground, ground and first floors. There is potential for further development to the rear of the existing building or alternatively to reconfiguration the current property (subject to obtaining all relevant consents).

Exterior
The property benefits from both front and rear gardens, off street parking and a detached garage. We believe that the garage offers development potential to create a separate single storey residential dwelling (subject to obtaining all relevant consents).

Accommodation
Lower Ground Floor
Utility Room

Ground Floor
Two Reception Rooms
Bedroom
Two Kitchens
Office/ Study
Separate WC & wash basin

First Floor
Master Bedroom with En-suite Bathroom
Two Bedrooms with En-suite Bathrooms
Further Bedroom
Family Bathroom

Addendum
Amended Guide Price: £1,300,000+
224, Romford Road, London, E7 9HZ
A GRADE II LISTED FIVE BEDROOM DETACHED HOUSE OFFERED WITH VACANT POSSESSION
Type: Residential, House
Location: 224 Romford Road, E7 9HZ
Images: 6
Brochures: 1
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