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Lot Details
Tenure
Leasehold - 22 years remaining
Location
Located on Roman Road, this shop is ideally located close to a wide selection of bars, boutiques, restaurants and the famous Roman Road Market with Victoria Park being located only around the corner. Situated within walking distance to Bow Road as well as Mile End Station.
Notes
Business Rates - The Business Rate is £6,090 per annum and the Rent payable is £18,000 per annum. Fixtures & Fittings - We have been advised that all fixtures and fittings are owned outright and will be included in the sale. Staffing - The business is currently operated by the owners. Stock - Please note that there is also approximately £20,000 of stock that will need to be paid by the new buyer.
Important Information
Additional Fees
Buyers Fee - Each successful Purchaser/Buyer will be required to pay an Administration Fee of £610.00 (inc of VAT) to Lime Auction House for each Lot purchased, on the fall of the hammer/exchange of contracts.
Disbursements - Please see the Legal Pack for any disbursements listed, that may become payable by the Purchaser/Buyer on completion.
Guide Prices/Reserve Prices
Q: What is the Guide Price?
A: The Guide Price is for guidance purposes only and is an indication of the seller's current minimum price expectation at auction and the guide price, or range of guide prices, is given to assist prospective purchasers. The guide price can be adjusted by the seller at any time up to the day of the auction, in light of the interest shown during the marketing period and bidders will be notified of this change, on our website and by the auctioneer prior to the lot being offered.
Q: What is the Reserve Price?
A: The Reserve Price is the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. It is usual, but not always the case that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing and the final reserve price will be agreed between the auctioneer and the seller prior to the auction sale. Whilst the reserve price remains confidential, it will generally be within 10%-15% below or above where the reserve price is set.
Lime Auction House and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they are willing to bid/pay for any lot that we list. We would also recommend that you regularly check with us via our website or by contacting us, as guide prices are subject to change prior to the auction.
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