3 bed block of flats for sale

250 Bethnal Green Road, London E2

Interested parties should contact Knight Frank Auctions for further information.

Description
On the instructions of Joint Receivers.

The subject comprises a modern mid-terrace mixed use (residential, retail & offices) four storey property, with basement on Bethnal Green Road, close to its junction with Shoreditch High Street. Comprehensively refurbished in 2020, it provides two commercial units at ground and basement which are tenanted and three 1 bedroom self-contained flats with a balcony in good order on the first, second and third floors - all vacant.

Accommodation (1)
Ground floor & basement (front) - Retail unit arranged as a wine shop, with kitchenette, shower/w/c, stores, meeting room and a courtyard - 65.23 sq m (702 sq ft)
Ground floor & basement (rear) - Offices, with w/c and stores - 64.64 sq m (696 sq ft)
First floor - 1 bedroom flat - 45 sq m (484 sq ft)
Second floor - 1 bedroom flat - 45 sq m (484 sq ft)
Third floor - 1 bedroom flat - 45 sq m (484 sq ft)
Total: 264.87 sq m (2,850 sq ft)
(1) Knight Frank have not measured or inspected the commercial units at ground and basement. Areas and accommodation have been provided by the vendor. The floor plan forming part of the particulars is for the first floor flat and is illustrative of the accommodation for all three flats.

Tenancies
Ground floor & basement (front) - Let to Shop Cuvee Limited for 10 years from 23/06/2021, with a passing rent of £30,500 per annum following the 2025 rent review. Next rent review on 22/06/2029. No breaks
Ground floor & basement (rear) - Let to a private individual for 18 months from 27/07/2024 (thus holding over), with a passing rent of £22,800 per annum. There is a mutual break option that can be exercised anytime on giving not less than 2 month's notice
First floor - Vacant
Second floor - Vacant
Third floor - Vacant
Total: £55,300 per annum
VAT

Refer to legal pack

This property is being marketed for sale on behalf of Joint Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability.

Location
250 Bethnal Green Road occupies a highly prominent position on one of East London's principal arterial routes, linking Shoreditch, Hoxton and Bethnal Green.

The property sits within a prime mixed-use stretch of Bethnal Green Road, characterised by a strong blend of independent retailers, national operators, cafs, and lifestyle occupiers.

The property is located approximately 0.2 miles from Shoreditch High Street Overground Station, 0.5 miles from Liverpool Street Station (Central, Circle, Hammersmith & City, Metropolitan lines + National Rail + Elizabeth Line) and 0.6 miles from Old Street Station (Northern line).

Occupancy
Part vacant

Tenure
Freehold

The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions website.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.