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Lot 12 - 188-190 Francis Road, Leyton, E10 6PR

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FREEHOLD VACANT FLAT FOR REPAIR/MODERNISATION PLUS GROUND RENT

Guide price: £300,000 - £310,000 *

Auction Date

Monday, 2nd October 2017 11:00am

Location & Description

Two purpose built maisonettes within a terraced property on the west side of Francis Road within a residential area close to a local retail parade of shops and cafés .
Leyton underground station (Central line) is about ½ mile to the south.

Accommodation

No. 188 First Floor Flat:
Sold on 99 year lease from November 1979 at a current ground rent of £50 p.a. doubling every 33 years (61 years unexpired)
No. 190 Ground Floor Flat:
3 rooms, kitchen with shower, ext. WC
Shared rear garden
OFFERED VACANT FOR REPAIR/MODERNISATION

EQUIVALENT TO £50 p.a. PLUS VACANT FLAT

EPC Rating

On application

VIEWINGS

Monday 18 September 11:30 am
Wednesday 20th September at 10.45am
Monday 25th September at 11.15am
Thursday 28th September at 11.15am

Result

Sold for £373,000

Addendum

The Transfer has been slightly amended (and is now in the contracts) with added text to clause 12.2 to cover indemnifying the Transferor against breaches of the covenants and conditions that the landlord is responsible for in the lease.

* 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.