TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£397,910 | 7.0% | 62.7% | 3 months |
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The subject property comprises a ground floor shop (with basement) which trades as “Euro Café” together with two self contained one bedroom flats arranged on first and second floors above.
The property is of solid brick construction under a pitched tile roof with a parapet wall to the frontage. The ground floor shop extends forward from the main part of the building, and to the frontage the property is single storey under a flat roof, where the shop unit has been extended into the former forecourt area. The retail unit has a painted metal shop front with a roller shutter door.
The residential accommodation is self contained, provides one bedroom and is accessed from the rear of the property via a metal staircase which leads to a common entrance hall.
There is a yard to the rear of the property which contains an outside w/c facility for the ground floor retail unit together with an attached office / store. The w/c is of single brick construction with the office / store being built of timber. Both have sloping corrugated metal sheet roofs. The rear yard exits into an alley suitable for pedestrians only which leads to Lancresse Road. Access to the residential flats is gained from the rear of the property using this alleyway.
The property forms part of a terrace comprising ground floor shops with residential / ancillary accommodation above. Nearby occupiers include Ladbrooks together with local traders serving the surrounding densely populated residential community.
Local services and facilities are within walking distance of the property. With regard to public transport Haggerston overland railway station is located within a short walk of the property with Dalston Junction and Hoxton being within walking distance.