Block of flats for sale in Roman Road, London E3

Offers in region of £1,600,000 (£532.98/sq. ft)
Block of flats for sale 3,002 sq. ft*
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Property description

Location


The shop is located on Roman Road (B119), within an established parade of shops situated within viewing distance to the renowned Roman Road Market. Other notable retailers nearby include Domino’s and Betfed. Mile End Underground Station is situated 0.7 miles to the south of the property and provides frequent access to Liverpool Street Station with an approximate journey time of 6 minutes.


Accommodation


4 storey mixed-use building constructed circa 1900's of solid brickwork construction comprising 2 retail units and 6 flats above, with the latter comprising 4 x 2 bedroom flats and 2 x 1 bedroom flats.


Lease terms


2 x leases granted to the ground floor shops for a term of 125 years from 1 January 2007 to Mustak Yakubhai Patel at a nominal ground rent of £500.00 per unit per annum. We are unaware as to whether this is static throughout the duration of the lease or subject to periodic increases.

5 of the flats above are subject to guaranteed rent agreements with Elliot Leigh at a rental of £1,500.00 per two bed and £1,200 for the one bed. Such agreements were granted for a period of 3 years commencing in May 2019.

499c Roman Road will be retained and as such subject to a new long lease of 999 years at peppercorn ground rent upon completion.

In accordance with Section 21 of the Estate Agent's Act 1979 we are obliged to disclose that a member of tfk has a personal interest in this property.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Taylor Freeman Kataria, IG1 on +44 20 8115 0583 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Taylor Freeman Kataria, and do not constitute property particulars. Please contact Taylor Freeman Kataria 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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