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Lot 38 - 137/137A Field Road, FOREST GATE, E7 9DH

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FREEHOLD GROUND RENT INVESTMENT - 2 FLATS WITH 64 YEARS UNEXPIRED

Guide price: £35,000 - £36,000 *

Auction Date

Tuesday, 11th July 2017 11:00am

Location & Description

A terraced property comprising two self-contained flats with own street doors on the west side of Field Road off Forest Lane and just to the north east of central Stratford with its many transport links and Westfield shopping centre.
Forest Gate mainline station will be served by Crossrail (scheduled 2019) and is less than ½ mile away.

Accommodation

Upper Flat (137): 99 years from 29.09.1982 at £25 p.a. (about 64 years unexpired).
Lower Flat (137a): 99 years from 29.09.1982 at £25 p.a. (about 64 years unexpired).

EQUIVALENT TO £50 p.a. WITH BOTH FLATS HAVING ABOUT 64 YEARS UNEXPIRED.

Result

Sold for £73,000

Joint Agent

 Dobbin & Sullivan Tel: 020 8221 9612 Attn: Nick Sullivan

* 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.