hi

Home » Property Search » Auctions » Current Auction » Rose Court, Dolphin Approach, Romford, Essex, RM1 3QS

Lot 38 - Rose Court, Dolphin Approach, Romford, Essex, RM1 3QS

LotImage
LotImage
LotImage
LotImage

LARGE FREEHOLD GROUND INVESTMENT -
37 APARTMENTS

Guide price: £370,000 plus *

Auction Date

Tuesday, 5th December 2017 11:00am

Location & Description

A large purpose built four storey development of 37 apartments on the corner with Junction Road and Dolphin Approach (a cul-de-sac). Just to the north east of central Romford and the mainline station and within a short walk of the Mercury shopping centre.

Accommodation

37 apartments (age restricted) plus resident's lounge, lift, manager's office and secure parking.
All leases are for 125 years from 01.01.2007
30 x 2 bedroom at £500 p.a. each (doubling every 25 years).
7 x1 bedroom at £350 p.a. each (doubling every 25 years).
Leases state the freeholder receives 1% of the sale price of any flat which amounted to circa £5,000 in 2016

Note

RTM formed by lessees

EQUIVALENT TO £17,450 p.a.

Result

Sold for £430,000

Addendum

The contract copies of the special conditions will show the correct title number EGL 512755.

* 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. 

  • viewing iconProxy Bidding Form
  • Pre-Register to Bid
  • enquiry iconProperty Enquiry
  • email shareSend To A Friend
  • print iconPrint Details
  • legal document iconView Legal Documents
  • pdfPDF

* 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.