June 2022: Tuesday 14 June 2022 - 9:00am
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    Key features

    • Comprises a ground floor shop with basement and 3 x 1 bedroom flats above
    • Shop let to tenant trading as The Doner Guys expiring in April 2027
    • Two of three flats let on AST's
    • Immediate asset management and opportunities including re-letting the second floor vacant flat
    • Excellent transport amenities including Limehouse Station

    Description

    The property comprises a ground floor and basement shop with a basement and 3 x 1 bedroom flats above, of which one is currently vacant.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note that the approximate floor areas have been taken from the VOA or provided by the client and the property has not been inspected by Savills.


    Ground - 48.85 sq m (526 sq ft) - Retail/Ancillary

    Basement - 35.32 sq m (380 sq ft) - Ancillary

    First/Second/Third - 97.27 sq m (1,047 sq ft) - 3x one bed flats


    Total - 181.44 aq m (1,953 sq ft)


    Tenancy

    Ground/Basement - Let to tenant trading as The Doner Guys on a term of approximately 15 years from 04/05/2012 expiring 30/04/2027 at a rent of £25,000 (RPI linked rent review outstanding)

    First - Let to an individual on a 1 year AST at a rent of £12,600

    Second - Vacant

    Third - Let to an individual on a 1 year AST at a rent of £13,800


    Total Rent - £51,400

    Rent

    £51,400

    Notes

    Please note that the purchaser is to pay a buyer's premium of 2% + VAT of the sale price on completion.

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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

      The property is located in the heart of East London, approximately 0.7 miles north-west of Canary Wharf. The property sits in a prominent location on the west side of Burdett Road, with nearby retailers including various shops, cafe's and restaurants in the immediate vicinity. Other local amenities include Mile End Park which is 0.4 miles north of the property. Shoreditch and the City are both close by.

      Transport

      Westferry Station is 0.4 miles from the property which provides access to the DLR line. Limehouse Station is 0.5 miles from the property and provides access to the overground and DLR 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