Property for Auction in London - 75A & 75B Queens Road, Buckhurst Hill, Essex

A Mid Terrace Building Arranged to Provide a Ground Floor Shop and a First Floor One Bedroom Flat Fully Let Producing £28,500 Per Annum The property comprises a mid terrace building arranged to provide a ground floor shop and a first floor one bedroom flat. Tenure Freehold Location The property is situated on a mixed use parade close to local shops and amenities. The open spaces of Kings Place Play Area are within easy reach. Transport links are provided by Blackhurst Hill underground station (Central line) and the M11. Accommodation Ground Floor Shop Area G.I.A Approximately 66 sq m (711 sq ft) First Floor One Bedroom Flat (Not Inspected) G.I.A Approximately 66 sq m (707 sq ft) Tenancy The shop is subject to an FRI lease for a term of 15 years commencing 1st September 2023 at a rent of £15,000 per annum. The flat is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 9th December 2024 at a rent of £13,500 per annum. There is potential to increase the rent. Buyers should rely on their own enquiries. Energy Efficiency Rating (EPC) Current Rating The Flat: E Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.