Auction House London

Lot 90A

Flat - Flats / Apartments 

97A & 97B Stopford Road

London, E13 0NA

Unsold. Please refer to Auctioneer for Reserve

A Parcel of Two Self-Contained Lower Ground Floor Flats Comprising a Self-Contained Three Bedroom Flat and a Self-Contained One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £29,760 per annum. We have been advised that there is development potential at the rear to build five flats (subject to obtaining all relevant consents)

Description

The property comprises a large lower ground three bedroom flat and a one bedroom lower ground floor flat situated within a detached building arranged over lower ground and three upper floors. Both flats are on one title.

Tenure

Leasehold. Both flats are on one title. There are approximately 159 years unexpired on the lease

Accommodation

Lower Ground Floor
Flat 97A
Reception Room
Three Bedrooms
Kitchen
Two Bathrooms with WC & wash basin

Flat 97B
Reception Room
Bedroom
Kitchen
Bathroom with WC & wash basin

Exterior

The flats benefit from a rear garden.

Tenancy

Flat 97B is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 10 May 2019 at a rent of £930 per calendar month.

Flat 97A is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 26 July 2019 at a rent of £1550 per calendar month.

Current Rent Reserved

Current Rent Reserved £29,760 per annum

Addendum

Auction House London have received an email from a solicitor claiming to represent the freeholders stating that there are substantial breaches of the lease. The vendors, whilst acknowledging that the dispute is ongoing, strongly refute that such breaches exist.

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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