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Lot 35 - Lower Ground Floor Flat, 11 Vicarage Road, Leyton, E10 5EF

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LONG LEASEHOLD RESIDENTIAL INVESTMENT - REGULATED TENANCY

Guide price: Sold £174,000 *

Auction Date

Monday, 10th October 2016 11:00am

Location & Description

A lower ground floor flat forming part of a mid terrace four storey property within an established residential area near to the junction with High Road Leyton (A112), about ½ mile from Leyton Midland Road mainline station and within ¾ mile of Leyton underground station (Central line).

Accommodation

Lower Ground Floor Flat:
Not inspected, based on Rent Register
2 rooms, kitchen, bathroom/WC,
Shared garden
Subject to a regulated tenancy at a rent of £250 pcm (effective 09.03.2012).

Lease Details

125 years from completion at an initial ground rent of £100 p.a. rising by £100 every 25 years.

Note

The Freehold ground rent investment will be offered by Auction at a later date.

EQUIVALENT TO £3,000 p.a.

EPC Rating

On application

Result

Sold £174,000

Addendum

The particulars have been amended on the website. These supersede the printed catalogue.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.