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Lot 6 - FREEHOLD LADBROKES RETAIL UNIT AND TWO ONE BEDROOM FLATS PRODUCING £59,000 PER ANNUM

203 Lower Clapton Road, Hackney, London, E5 8EG

Sold for £750,000

Thu Apr 03 2025

11:00am

Property Description

The property is located on Lower Clapton Road (A107), opposite Newick Road, and to the east of Hackney Downs Park, in a busy commercial and residential area. The property has good transport links with Hackney Downs, Hackney Central and Homerton (Overground) all being 400m to the south. The property comprises a Ladbrokes Retail unit on the ground floor, with two, x1 bedroom flats above.

(Areas for guidance only)

Whilst Strettons have not internally inspected the property we understand it to comprises:

Ground Floor: Shop area, office, disable toilet and toilet 1,464Sq Ft (136 Sq M)
First & Second Floors: Both flats are one bedroom, living room, kitchen, shower/toilet on separate floors. Each 474 Sq Ft (44 Sq M)
Basement: 646 SqFt (60 Sq M)

Total: 3,058 SqFt (284 Sq M)

Shop (203) - Let to Ladbrokes Ltd from 5 years from 25/08/2023 at £23,000 p.a. (Tenant break in 2026)
Flat (203A) - 12 months Assured Shorthold Tenancy (AST) to individual from 29/10/2024 at £17,400 p.a.
Flat (203B) - 12 months Assured Shorthold Tenancy (AST) to individual from 25/01/2025 at £18,600 p.a.

PRODUCING £59,000 PER ANNUM

Retail Unit - C, Flat (A) - C, Flat (B) - D

1. Internal picture provided by vendor.
2. Ladbrokes have been in occupation since 1982.

Auction Surveyor: Rob Hills
Contact: Robert.Hills@strettons.co.uk 020 7614 9933

Wednesday 26th March 2025 - 12noon -1.00pm

Wednesday 26th March at 12:00pm - 13:00pm

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.