503 Roman Road, London, Tower Hamlets, E3 5LX
- 16Days
- 1Hours
- 7Mins
- 7Secs
Property Description
The property is located in the heart of Bow at the junction of Roman Road (B119) and Ford Road. It is 50m from the junction with St. Stephens Road, in a mixed residential and commercial area. The property can be reached via the A12 and A11. Victoria Park is 300m to the north and Stratford is 1 mile to the north east. Bow Road and Mile End Tube Stations (District, Hammersmith & Central Lines), are 800m to the south. The property comprises a four storey property, on a rectangular site at the en
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The property comprises:
Ground Floor Unit 1: Taxi Office, two waiting areas, kitchenette, two toilets 564 Sqft (52.4 Sqm)
Ground Floor Unit 3: Treatment room, kitchenette, toilet 272 Sqft (25.3 Sqm)
First & Second Floor: Flat A: One bedroom, living room / kitchen, shower/toilet - 420 Sqft (44 Sqm)
First Floor: Flat B : Two bedrooms, living room/kitchen, bathroom/toilet, storage 517 Sqft (48 Sqm)
Second Floor: Flat C:Two bedrooms, living room/kitchen, bathroom/toilet, storage 517 Sqft (48 Sqm)
Third Floor: Flat D: One bedroom (penthouse), living room/kitchen, shower/toilet, balcony 474 Sqft (44 Sqm)
Commercial Unit 1 & 3 - New 10 year lease to Ace Cars Bow Ltd from June 2025 producing £28,200 pa
Flat A - Let on 12 month AST from 22/11/24 producing £17,700 pa
Flat B - Let on 12 month AST from 05/04/25 producing £21,000 pa
Flat C - Let on 10 month AST from 21/11/24 producing £21,900 pa
Flat D - let on 12 month AST from 12/7/24 producing £20,400 pa
COMMERCIAL/RESIDENTIAL INVESTMENT PRODUCING £109,200 PER ANNUM
1. The commercial lease is over both retail units. Unit 3 has been sublet to Charlie's Angels.
2. Ace Cars Bow Ltd have been in occupation for over 20 years.
3. Tenant of Flat D has expressed a wish to renew the AST (Assured Shorthold Tenancy)
Auction Surveyor : Rob Hills Contact : 020 7614 9933
Joint Auctioneer:
* 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.
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503 Roman Road, London, Tower Hamlets, E3 5LX
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