3, Manchester Road, London
, E14 3BD
Price: Sale Price: £900,000
Size: 2441 sq ft227 sqm Primary Category: Shop All Categories:
Investment, Shop, Property Ref/Movehut: MH662709 Property Ref/Agent: 3 Manchester Road Shop
*Please use the agent ref when calling the agent directly.
The property occupies a prominent main road location on the northern side of Manchester Road within a predominately residential area. Mudchute DLR lies within easy walking distance and London City Airport is just over 4 miles away. The National Motorway system is accessible via the A261 which is only 2.5 miles from the property.
An end terrace property of brickwork construction beneath a pitched tiled roof to the front and flat roof to rear. Currently arranged to provide a double fronted shop leading to further showroom/storage to the rear. A separate entrance leads to the first floor, which, currently provides a one bedroom flat with living room, kitchen, bathroom and small store. We note that the flat produces £1200 pcm but has not been relisted as a flat since it was previously in office use. However, a Certificate of Lawful Use is ongoing in this respect. This tenant is on a lease until August 2022. The ground floor commercial area is currently occupied but could be vacant for occupation if required.
Planning consent had been secured under reference PA/16/03515 for the conversion of the existing flat to a two-bedroom property and new build two bedroom flat at second floor. It is understood that planning has now lapsed, interested parties are advised to satisfy themselves fully in this respect.
The approximate gross internal floor area is as follows:
Ground floor commercial 1,848 sq ft (171sq m)
First floor flat 593 sq ft 55 sq m
Total 2,441 sq ft 227 sq m
We note that the conversion and new build consent provides approximately 1528 sq ft (142 sq m) of residential accommodation at 1st and 2nd floor level.
Mains gas, electricity, water and drainage are connected.
A report on Title and searches will be made available to named parties.
Assuming vacant possession of the ground floor commercial area, with 1st floor flat tenant to remain in situ, as stated.
Offers in excess of £900,000 are sought for the freehold.
The current Rateable Value is £28,750 (2017), making the Rates Payable, £14,346.25pa (21/22).
The EPC of the ground floor is D76 and D63 in relation to the first floor. According to the report obtained, the property does not contain asbestos.
Strictly by prior appointment only with the Vendor’s agent.
The purchaser will be responsible for the Vendor’s legal costs, should they withdraw prior to completion.
Money Laundering Regulations
Due to recent money laundering regulations, all Tenants and Purchasers when making an offer on a property will need to provide a copy of their current Passport photo page and a recent Utility Bill confirming their current address.
Please contact sole agents:
Branch Associates on 01708 860696 / 07775 804842 or email: email@example.com
EPC for 3, Manchester Road, London
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