Arrears at 30.7.2018 were £7,605.81 which the Buyer will be liable for on Completion.
Leasehold. Held for a term of 125 years from 31st December 2003 (thus having some 110 years unexpired) at a current ground rent of £250 per annum subject to a fixed increase every 25th year.
The property is situated on the West side of Hoxton Street, opposite it's junction with Nuttall Street and adjacent to the entrance to the historic Hoxton Street Market.
Occupiers close by include Hoxton Street Market, Papa John's, Iceland, Ladbrokes, Poundland, Betfred, and Spar amongst a range of local traders.
The property is some 450m from Hoxton Overground Station which has regular services to Highbury & Islington and Canada Water.
The property is arranged on ground floor only to provide a ground floor shop presently trading as a florists. The property forms part of a larger building not included in the sale.
VAT is applicable to this sale, please refer to the legal documents for further details.
Current Gross Rent Reserved £15,000 p.a.
Buyers Fee -The successful purchaser will be required to pay the auctioneers administration fee of £600 inclusive of VAT. Other additional costs/fees may apply please see Special Conditions of Sale.
This auction lot is now closed.
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|No.||Present Lessee||Accommodation||Terms of Lease Agreement||Current Rent £ p.a||Next Review / Reversion|
|2||H Fox (2)||Gross Frontage
Shop and Built Depth
57.10 sq m
(614 sq ft)
|6 years from 26.09.2017
Rent Review on the 3rd anniversary
FR &I subject to a schedule of condition
(1) The lease provides for a tenants break option on the 3rd anniversary subject to six months notice
|£15,000 p.a.||Reversion 2023|
|Total £15,000 p.a.|