Auction House London

Lot 58

 

1-14 Eden Lodges

Eden Avenue, Chigwell, Essex, IG7 5JE

£80,000+

Guide Price (plus fees)

A Freehold Ground Rent Investment Secured Upon a Block of Fourteen Self-Contained Flats Producing £3,500 Per Annum (Rising)

Description

The property comprises a detached building arranged over ground and two upper floors internally arranged to provide fourteen self contained flats (all sold off).

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Hainault Forest Country Park are within easy reach. Transport links are provided by Grange Hill underground station (Central line).

Tenancy

Flats 1-14 Eden Lodges are all sold off on 125 year leases from 31st March 2016 (thus approximately 120 years unexpired) with an initial rent of £250 per annum (each flat) doubling every 25 years.

Note

The freehold includes four underground car parking spaces, not currently held on leases.

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Download Legal PackView Details as PDFEnquire NowFinance AvailableRegister to Bid
There are no internal viewings - For all enquiries, please contact Jamie Royston at jamie@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 1-14 Eden Lodges, Eden Avenue, Chigwell, Essex, IG7 5JE

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