A Two Bedroom First & Second Floor Maisonette Subject to an Assured Shorthold Tenancy Producing £8,700 per annum.

Description

The property comprises a two bedroom first and second floor maisonette situated within a purpose built block above commercial premises arranged over ground and three upper floors. Current Rent Reserved £8,700 per annum

Tenure

Leasehold. The property is held on a 125 year lease from 19th July 1982 (thus approximately 93 years unexpired).

Location

The property is situated in the residential area of Romford close to local shops and amenities. The open spaces of Central Park are also within close proximity. Transport links are provided by Harold Wood rail station.

Exterior

The property benefits from a balcony.

Tenancy

The property is subject to an Assured Shorthold Tenancy expiring on 28th October 2011 producing £725 per calendar month. (Holding Over)

Accommodation (2nd Column)

First Floor
Reception Room
Kitchen

Second Floor
Two Bedrooms
Bathroom with WC & wash basin

Note (2nd Column)

The LHA rates for a 2 bedroom flat in this postcode is £190.96 per week. Thus potential income of £9,880 per annum (source: https://lha-direct.voa.gov.uk/)

Viewing Details

Tuesday 27th May 11:00-11:30
Monday 2nd June 11:00-11:30
Monday 9th June 11:00-11:30

Addendum

We understand that the current tenants have served notice and will be vacating on 30th June 2014.
Amended Guide Price: £90,000+

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.

View Details as PDF Enquire Now

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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