62 Park Avenue North End East London – SOLD
DATE: 23 September 2014
TIME: 10:00 am
VIEWING: By Appointment, or 1 Hour before auction.
Auctioneers Note: Follow Our Pointers From Corner Oxford and Park Ave
SITUATED IN A BUSY HUB OF EAST LONDON WITH HIGH VISIBILITY
The options associated with this building are designed to give flexibility and due to the 45 degree angle of Park Ave, passing traffic/ trade can clearly see this building from Oxford Street, which is roughly 30 meters away.
Factory unit 1: Size 187m2, Lease expires end Nov 2014.
Factory unit 2: Size 273m2, Lease expires end Nov 2014.
Factory unit 3: Size 261m2, Currently Vacant.
Factory unit 4: Size 260m2, Currently Vacant.
Retail unit 1 : Size 307m2, Currently Vacant.
Residential Flat unit 1 and 2: Size 91m2 each, Lease expires end Oct 2014.
This building zoned business zone 3 and is as solid as they come, however it is in need of repair and a cosmetic makeover. Should this be achieved, we then feel a more market related rental return is possible. The Flats are massive and have been renovated to cater for room rental demand, the retail section has great visibility and the factory units are shrewdly split to minimise your risk, but at the same time giving you a higher rental rate that is associated with smaller units.
Now is the time to grab an opportunity with both hands.
This will be a Vattable transaction.
TERMS: 10% DEPOSIT, AUCTIONEERS COMMISSION & ADVERTISING COSTS PAYABLE ON DAY OF SALE.
Full terms & conditions of auction available for inspection.
Contact: Justin Rohtbart for particulars. 114 Moore Street, Quigney, East London.
