0 Bedrooms for sale in Quaker Street, London E1 | £ 350,000

Property Description

Lot 131 - This lot is for sale by auction as lot 131 on Thursday 28th March 2019.

A Freehold Ground Rent Investment secured upon a Detached Corner Bulding internally arranged to provide Two Retail Units and Eleven Self-Contained Flats

- Possible Development potential subject to gaining all necessary consents
- Positive Pre-Application received for the addition of Three Self-Contained Flats on the Roof
- Providing Approximately 296 sq m (3,190 sq ft) of Additional Space (2 x Two Bedroom Flats and 1 x Penthouse)
- Total Current Rent Reserved

£2,500 per annum

Tenure
Freehold.

Location
The property is situated on the corner of Quaker Street and Wheler Street, to the east of Commercial Street. Local shops and amenities are available along Commercial Road and Brick Lane, whilst Old Spitalfields Market is also close by. London Overground Services run from Shoreditch High Street Station, approximately 100 metres (350ft) to the north and bus services run along Commercial Road. The A10 provides access to the M25 (Junction 25) and M11 (Junction 11) Motorways. The open spaces of Weavers Fields and Victoria Park are within close proximity.

Description
The property comprises a ground rent investment secured upon a detached corner building arranged over ground and four upper floors. The buidling is internally arranged to provide two retail units and eleven self-contained flats.

Tenancies
A schedule of Tenancies is set out below.

Planning
Local Planning Authority: Tower Hamlets.Tel: Website Address: Www.Towerhamlets.Gov.UkThe property benefits from a positive pre-app statement relating to the possible addition of three self-contained flats on the roof. Potentially comprising 2 x two bedroom flats and 1 x penthouse. The property may therefore afford possible potential for development, subject to obtaining all necessary consents.

Rights of Pre-emption
The lessees have not elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.

Management and Insurance
The Freeholder has the right to manage and insure.

Seller’s Solicitor

Monro Wright and Wasbrough llp (Ref Jeremy Pow).Tel: Email: Jeremy.Pow@mmw-llp.Com

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

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