April 2023: Tuesday 18 April 2023 - 9:00am
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    Key features

    • A freehold three storey mixed-use block
    • Planning permission granted for an additional storey to comprise two x 1 bedroom and one studio flat.
    • A structural report is available in the legal pack
    • The building benefits from a lift
    • All new flats will benefit from private terraces
    • Conveniently located for Whipps Cross University Hospital and the amenities of Leyton.

    Description

    A freehold three storey mixed-use block, arranged as nine flats and commercial unit sold on long leases

    Additional information

    Tenure

    Freehold

    The existing nine flats and commercial unit are all sold on 999 year leases at a peppercorn ground rent.

    Planning

    Permission (App: 203996) was granted by London Borough of Waltham Forest on 28th July 2022 for "Construction of roof extension to create third floor for the provision of three residential units (1 x studio and 2 x 1-bedroom flats), with associated waste storage and cycle storage".


    https://builtenvironment.walthamforest.gov.uk/planning/index.html?fa=getApplication&id=49135


    Proposed accomodation:


    Third Floor:

    Unit 1 (approximately 627 sq ft)- Open Plan Living/Dining/Kitchen, Bedroom, Bathroom/WC, Terrace

    Unit 2 (approximately 623 sq ft)- Open Plan Living/Dining/Kitchen, Bedroom, Bathroom/WC, Terrace

    Unit 3 (approximately 445 sq ft)- Studio Room with Sleeping area, Shower/WC



    Notes

    Section 5 notices have been served and we are advised that the lessees have not reserved their rights. Please refer to the legal pack for further information.


    Please note the first image is a CGI.

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      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

      Located near to the junction of High Road Leyton and Fletcher Lane

      An extensive range of Shopping facilities can be found nearby in the centre of Leyton

      Recreational amenities of Abbotts Park and Leyton Jubilee Park are both easily accessible

      Whipps Cross University Hospital is within close distance

      Transport

      Overground- Leyton Midland Road

      Underground- Leytonstone (Central Line)

      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