Auction House London

Lot 66

Residential Development - Commercial Property 

136 Tomswood Hill

Ilford, Essex, IG6 2QN

Unsold, please refer to Auctioneer

A Roof Space Development Opportunity and A Freehold Ground Rent Investment Secured Upon a Block of Four Self-Contained Flats Producing £200 per annum. Offered with Planning Permission to Create Two Additional Floors to Provide Three Further Self-Contained Flats (2 x 1 Beds, 1 x Three Bed).

Description

Tenure

Freehold

Location

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

Planning

Redbridge Borough Council granted the following planning permission (ref: 3840/20) on 29/01/2021:
'Upward extension of 2 additional storeys on detached block of flats consisting of 3 new flats with external side staircase leading to 3rd floor.'

Proposed Accommodation

Third Floor
Two x One Bedroom Flats

Fourth Floor
Three Bedroom Flat

Column 1 Column 2 Column 3
Property Lease Annual Rent
Flat 1 125 years from 31st January 2008 £50
Flat 2 125 years from 23rd August 2007 £50
Flat 3 125 years from 23rd August 2007 £50
Flat 4 125 years from 26th October 2007 £50

Additional Fees and Disclaimer

Administration charge: £1,500 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.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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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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