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Lot 45 - 51 & 53 Carson Road, Canning Town, E16 4BD

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FREEHOLD GROUND INVESTMENT - 2 FLATS - 1 WITH 69 YEARS UNEXPIRED

Guide price: £25,000 - £26,000 *

Auction Date

Tuesday, 5th December 2017 11:00am

Location & Description

A pair of self-contained flats with own street doors in a terraced property on the north east side of Carson Road just south of Barking Road (A124) and close to Newham Way (A13). Canning Town DLR station is about ¾ mile away.

Accommodation

51 (Upper Flat):
Sold on a 99 year lease from 24.06.1987 at £50 p.a. (doubling every 33 years). About 69 years unexpired.
53 (Lower Flat):
Sold on a 99 year lease from 24.06.1992 at £50 p.a. (doubling every 33 years). About 74 years unexpired.

EQUIVALENT TO £100 p.a. WITH 1 FLAT HAVING ABOUT 69 YEARS AND THE OTHER ABOUT 74 YEARS UNEXPIRED.

Result

Sold for £25,000

* 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.