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    Auction House London
    Lot 5
    Darwin Court
    172 Balaam Street, Plaistow, London, E13 8RB
    Sold Prior to auction, for an undisclosed amount.
     
    All
    Number 1
    A Freehold Ground Rent Investment Secured Upon Twenty Four Flats Producing £2,879 per annum & Seventeen Garages (Thirteen of the Garages are Sold Off on Long Leases). Four of the Flats have Leases Expiring in 48 years and One with 73 years and therefore Highly Reversionary. There is Potential to Redevelop The Roof Space To Provide Further Residential Units (Subject to obtaining all necessary consents).

    Description

    The property comprises a ground rent investment secured upon 24 flats situated within two purpose built blocks arranged over ground and two upper floors.

    Tenure

    Freehold

    Location

    The property is situated in the East London area of Plaistow close to local shops and amenities as well as being moments from the open spaces of Plaistow Park. Transport links are provided by Plaistow underground station (Circle, District and Hammersmith & City lines).

    Exterior

    The property benefits from 17 garages (13 sold off on long leases) and communal parking.

    4 of the sold off flats are subject to leases with 48 years and 1 sold off with 73 years unexpired thus making them highly reversionary

    Note (2nd Column)

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

    Viewing Details

    Sold Prior

    Bold Black Text

    Current Rent Reserved £2,879 per annum

    Addendum

    Sold Prior
    Enquire
    Finance Available
    Stamp Duty Calc
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    020 7625 9007 or email us at info@auctionhouselondon.co.uk
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