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    Key features

    • Substantial Freehold Investment with Future Development Potential
    • Let to Newham Primary Care NHS Trust
    • Lease expires January 2027
    • Asset management/development potential (subject to necessary consents)
    • Comprises approximately 611.70 sq m (6,584 sq ft) on a site area of approximately 830.50 sq m (8,940 sq ft)
    • VAT is not applicable
    • Investment let at £117,000 pa

    Description

    The property comprises a substantial building arranged as a large attractive three storey building to the fronting Romford Road. The property sits on a large site where the rear of the property comprises office accommodation. The site extends to approximately 830.50 sq m (8,940 sq ft).

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.


    Ground - Treatment Rooms/Office - 400.10 sq m (4,307 sq ft)

    Basement - 36.60 sq m (394 sq ft)

    First - Office - 89.50 sq m (963 sq ft)

    Second - Office - 85.50 sq m (920 sq ft)


    Total - 611.70 sq m (6,584 sq ft)

    Tenancy

    Let to Newham Primary Care NHS Trust for a term of 15 years from 21.09.2006. There is a reversionary lease in place for 4 years from 10.01.2023 expiring 09.01.2027 at a rent of £117,000 pa. The tenant benefits from a break clause in January 2026.

    Planning

    The property may benefit from change of use/development potential. For further enquiries please contact Newham Council (https://www.newham.gov.uk/planning-development-conservation).

    Rent

    £117,000 pa

    Notes

    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Stratford is a vibrant town in East London, within the London Borough of Newham

      Situated 6 miles northeast of Charing Cross.

      Stratford is home to the Queen Elizabeth Olympic Park and the Westfield Stratford City Shopping Centre, one of the largest in Europe.

      Transport

      Tube - Stratford Underground Station is served by the Central line, Jubilee Line and the DLR

      Rail - Statford Station is a major transport hub providing national rail services to Liverpool Street, Southend and Norwich

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums