Auction House London

Lot 63

 

38-40 High Road

Romford, Essex, RM6 6PR

Sold for £18,500

A Head Leasehold Investment Secured Upon Four Flats Producing a Gross Income of £3,200 Per Annum (Net Income £2,950 Per Annum).

Description

The property comprises a head leasehold ground rent investment secured upon four flats on the ground and first floors of a mid terraced building.

Tenure

Head Leasehold. The property is held on a 125 year lease from 1st January 2013 (thus approximately 120 years unexpired) at a ground rent of £250 per annum.

Location

The property is situated in the East London area of Romford close to local shops and amenities. The open spaces of St Chad's Park are also within close proximity. Transport links are provided by Chadwell Heath Rail Station.

Current Rent Reserved

Current Rent Reserved £3,200 per annum

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Flat 1 First Not Inspected 125 Years (less 3 days) from 1st January 2013 £800 pa
Flat 2 First Not Inspected 125 Years (less 3 days) from 1st January 2013 £800 pa
Flat 3 Second Not Inspected 125 Years (less 3 days) from 1st January 2013 £800 pa
Flat 4 Second Not Inspected 125 Years (less 3 days) from 1st January 2013 £800 pa

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.

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There are no internal viewings - For all enquiries, please contact Jordan at jordan@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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