1 bed flat for sale

Hermit Road, London E16

******chain free *********

For Sale, Freehold Commercial Unit with One Bedroom Apartment

An excellent investment opportunity comprising a spacious ground floor commercial unit with an established A3 licence, and a well-proportioned one bedroom apartment above, each with its own independent access.

Commercial Unit
• Generous shop space, ideal for a variety of business uses
• Equipped with two walk-in freezers
• Private W/C facilities
• Situated in a busy, high-footfall location, offering excellent visibility and passing trade

First Floor Apartment
• Private, separate entrance to the front of the building
• Large reception room with plenty of natural light
• Good size double bedroom
• Family bathroom
• Kitchen/diner with ample space for everyday living

This property offers strong mixed-use potential perfect for owner occupiers looking to combine business and living space, or for investors seeking a ready-made income opportunity.

Property is offered for
sale through the Modern Method of Auction which is operated by
iamsold Limited.

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you
view, offer or bid on the property, your information will be shared with the
Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction
within 56 days of the draft contract for sale being received by the buyers
solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria,
affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation
Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable
consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an
identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The
documents may not tell you everything you need to know about the property, so you are required to complete your
own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are
also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation
cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.