Lot 40
    Residential Development
    9-11 Adine Road
    Plaistow, London, E13 8LL
    Sold for £168,000.
     
    Number 1
    A Freehold Ground Rent Investment and Roof Space Development Opportunity Secured Upon a Block of Five Flats (All Sold-Off) Currently Producing £750 Per Annum. Offered With Planning Permission for the Erection of an Additional Floor to Provide 2 x One Bedroom Flats

    Description

    The property comprises two terraced buildings arranged to provide five self-contained flats arranged over ground and first floors.

    Tenure

    Freehold

    Location

    The property is situated on a residential road close to local shops and amenities. The open spaces of Plaistow Park are within easy reach. Transport links are provided by West Ham underground (District, Hammersmith & City and Jubilee lines) and rail stations.

    Planning

    Newham Borough Council granted the following planning permission (ref: 21/02846/FUL) on 10th December 2021: 'Hip to gable roof extension and a rear dormer extension to create two additional residential units comprising of 2No. 1bedroom 1person flats and associated improvements across the site'.

    Note

    S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights.

    EPC Rating

    D

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    Flat A Ground Not Inspected 125 years from 1st January 2000 £150 per annum rising by £50 every 25 years.
    Flat B First Not Inspected 125 years from 1st January 2000 £150 per annum rising by £50 every 25 years.
    Flat C First Not Inspected 125 years from 1st January 2000 £150 per annum rising by £50 every 25 years.
    Flat D First Not Inspected 125 years from 1st January 2000 £150 per annum rising by £50 every 25 years.
    Flat E Ground Not Inspected 125 years from 1st January 2000 £150 per annum rising by £50 every 25 years.
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