Land for sale in Rendlesham Road, Clapton, London E5

Offers over £1,250,000
Land for sale
Sold STC

Property features

  • Freehold investment/development opportunity (STPP)
  • Comprising shop, flat & car repair workshop
  • Current income £22,922 per annum

Property description

** investment/development opportunity for sale ** - Located prominently on the corner of Rendlesham Road and Maury Road, in the London Borough of Hackney. Access to the 'A' road network is via the A10 on Rectory Road. The nearest railway station is Rectory Road, which is on the Overground railway network. Comprising a ground floor lock-up shop, currently trading as a bookmakers, with a self-contained 3-bedroom flat above. Beside this building is a workshop and yard which is occupied by a car mechanic. Subject to obtaining vacant possession, the premises may be suitable for redevelopment, subject to gaining the necessary consents. The site has a total approximate area of 3,275 sq ft (304.2 sq m). Please call Clarke Hillyer on for further information or to arrange a viewing.

Location

Located prominently on the corner of Rendlesham Road and Maury Road, in the London Borough of Hackney. Access to the 'A' road network is via the A10 on Rectory Road. The nearest railway station is Rectory Road, which is on the Overground railway network. Rendlesham Road is a mixed commercial and residential street, connecting Downs Road in the South with Brooke Road in the North.

Description

Comprising a ground floor lock-up shop, currently trading as a bookmakers, with a self-contained 3-bedroom flat above. Beside this building is a workshop and yard which is occupied by a car mechanic. Subject to obtaining vacant possession, the premises may be suitable for redevelopment, subject to gaining the necessary consents. The premises are more particularly described as follows:
Shop: Sales Area: 729 sq ft (67.7 sq m). Kitchen: 54 sq ft (5 sq m). Wc.
Garage: Workshop: 505 sq ft (46.9 sq m). Office: 66 sq ft (6.1 sq m). Yard 1: 452 sq ft (42 sq m). Yard 2: 594 sq ft (55.2 sq m).
Flat: Living/Dining Room; Kitchen; Bathroom; 3 Bedrooms.
Total site area: 3,275 sq ft (304.2 sq m).
All areas quoted are approximate only.

Tenancies

Shop: Let to Ladbrokes at a rent of £8,750 per annum. The lease expires in October 2021.
Workshop: Let to a private individual who is currently holding over and paying a rent of £3,372 per annum.
Flat: Let on an assured shorthold tenancy agreement at a rent of £900 per month.

Business Rates

Shop: 2017 Rateable Value:
£15,750,2019/20 ubr: 0.491 P/£, 2019/20 Rates Payable: £7,733.25.
Garage: 2017 Rateable Value:
£11,000,2019/20 ubr: 0.491 P/£, 2019/20 Rates Payable: £5,401.

Council Tax

The flat falls within Band 'D'.

Legal Costs

Each party to meet their own.

Viewings

Strictly via sole agents Clarke Hillyer, tel .

Epcs

Energy Performance Certificates have been ordered and will be available in due course.

Whilst we at Clarke Hillyer endeavour to ensure the accuracy of property details produced and displayed, we have not tested any apparatus, equipment, fixtures and fittings or services so cannot verify that they are connected, in working order or fit for purpose. Neither have we had sight of the legal documents to verify the Freehold or Leasehold status of the property. Please be advised that any plans provided are to indicate the layout of the property, are not to scale and for guidance purposes only. Any interested parties are advised to obtain verification from their solicitor or surveyor.

Property info

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For more information about this property, please contact
Clarke Hillyer, IG10 on +44 20 3478 3337 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Clarke Hillyer, and do not constitute property particulars. Please contact Clarke Hillyer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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