Call the team on 020 7625 9007 for more information
A Commercial and Residential Investment Producing £48,340 Per Annum
The property comprises a mid terrace building arranged to provide a ground floor shop with a basement and a five bedroom licensed HMO on the first, second and third floors.
Tenure
Freehold
Location
The property is situated in the popular area of Hoxton among the local shops and amenities of the Kingsland Road. The open spaces of Shoreditch Park are within easy reach. Transport links are provided by Hoxton overground station (0.2 miles).
We have been advised by the vendor that the HMO was previously producing £49,980 per annum for several years however, the rent was lowered to help the tenants during lockdown. The shop tenant has also expressed their interest in extending their lease.
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.