Property Details - 3 Terrace Road, Plaistow, London

Photo of 3 Terrace Road, Plaistow, London

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Lot 17

This mid terrace building is arranged over two stories and comprises a ground floor retail unit with a self-contained flat above which benefits from its own separate entrance. Situated on the north side of Terrace Road between Stopford Road and Cecil Road within a small retail parade serving this predominantly residential location close to Plaistow underground station.

We understand the property is currently let on one lease generating a total of £16,000 pa with a rent review at the end of 2014. The property is sold with the benefit of this ongoing investment income.

ACCOMMODATION

First Floor: Self-contained flat with own separate access..

The VOA website describes the ground floor as:
Retail Zone A: 200 sq ft (18.55 sq m)
Retail Zone B: 137 sq ft (12.75 sq m)
Internal storage: 107 sq ft (9.90 sq m)
Canopy: 71 sq ft (6.58 sq m)
Kitchen: 102 sq ft (9.46 sq m)
Total area: 616 sq ft (57.24 sq m)

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

London Borough of Newham. Tel: 020 8430 2000
Flat Council Tax: A
Rateable Value: £6,800

VIEWING

Tuesday 1st April at 3pm

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

3 Terrace Road, Plaistow, London

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