Commercial Investment for Auction London E2

Guide Price £250,000+. Commercial Investment – Gross Yield 12%.  Forming part of a parade comprising a corner Public House on the ground floor and basement. Leasehold for a term of 125 years from 25th December 1988 (thus having approx. 89½ years unexpired) at a peppercorn ground rent. The entire property is let on an effectively full repairing and insuring lease for a term of 15 years from 27th October 2023 at a rent of £30,000 per annum exclusive. The rent is currently £27,000 p.a. rising to £30,000 p.a. in October 2026 and the Vendor will make up this rent shortfall on completion.