Lot 9 - 45 Mile End Road, London, E1 4TT

  • Unconditional Online Auction Sale
  • Guide Price* : £1,250,000

Restaurant With Flat Above And 2 Flats To The Rear Of Restaurant.


Description

This is a Thai restaurant with three flats, one above the restaurant and two to the rear of the restaurant with access to the left of the restaurant.
Restaurant currently rented
16 years expiry 1-7-2029
producing £36,000 per annum

Flat 45A
rent was producing £48,000 per annum

Unit 1 at rear
currently rented for 2 years
producing £18,000 per annum

Unit 2 at rear
was rented at £10,200 per annum

All currently rented at £112,200 per annum.

Tenure

freehold

Accommodation

Ground Floor
Thai Restaurant

First Floor
Six bedrooms
Communal Kitchen

Unit One
One bedroom
Lounge/kitchen
Shower room with WC

Unit Two
One bedroom
Lounge/kitchen
shower room with WC

Location

This property is located on the busy A11 in Mile End, surrounded by other shops, sports and leisure facilities and supermarkets. Royal London and Queen Mary Hospitals are nearby. Whitechapel Station (Over ground, Weaver) and Stepney Green Tube (Circle Line) are both a 7 minute walk away.

Tenancy

Restaurant currently rented
16 years expiry 1-7-2029
producing £36,000 per annum

Flat 45A
rent was producing £48,000 per annum

Unit 1 at rear
currently rented for 2 years
producing £18,000 per annum

Unit 2 at rear
was rented at £10,200 per annum

All currently rented at £112,200 per annum.

Sector

Mixed Use

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

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