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Clarence Road, London, E5

For Sale - £424,950

Property Details

We are delighted to offer for sale this shop and basement on a freehold basis. The premises comprise of a ground floor shop currently trading as a butcher shop and a spacious basement and a rear yard. The total approx internal area (ground and basement) is 1100 sq ft. Above are 2 x 1 bedroom apartments (ALREADY SOLD ON LONG LEASES PRODUCING GROUND RENTS OF £150 P.A EACH).

Based on numerous neighbouring properties on the same road, we feel there is a good potential oppurtunity to convert the basement floor to residential use (subject to relevant planning consent).

The property is situated in the heart of Clapton in a turning just off Lower Clapton Road and benefits from numerous bus routes into the city and Hackney Central is approx 10 mins walk away.

We feel this is an ideal oppurtunity for a small development and/or to acquire a shop premises for investment purposes in a fashionable location and we recommend an early inspection to avoid disappointment.

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Floor Plan 1

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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Total SDLT due

Below is a breakdown of how the total amount of SDLT was calculated.

Up to £125k(Percentage rate 0 %)

Above £125k and up to £250k (Percentage rate 2 %)

Above £250k and up to £925k (Percentage rate 5 %)

Above £925k and up to £1.5m (Percentage rate 10 %)

Above £1.5m (Percentage rate 12 %)

Up to £300k(Percentage rate 0 %)

Above £300k and up to £500k(Percentage rate 0 %)

*This is for illustrative purposes only

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