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Home » Property Search » Auctions » Current Auction » 64-68 Collier Row Lane, Collier Row, Romford, Essex, RM5 3BB

Lot 27 - 64-68 Collier Row Lane, Collier Row, Romford, Essex, RM5 3BB

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B Tobin & P Joseph of Strettons as LPA Receivers

FREEHOLD RESIDENTIAL INVESTMENT

Guide price: £550,000 plus *

Auction Date

Tuesday, 5th December 2017 11:00am

Location & Description

Comprising two semi-detached houses (Nos. 66 & 68) and one mainly detached house (No. 64) on an irregular shaped site just north of the Eastern Avenue (A12) which links with the M25 and the North Circular Road (A406). Romford town centre which includes the mainline station is within about 1½ miles.

Accommodation

No.68
First Floor: 2 rooms (one leading to further room)
Ground Floor: 2 rooms, kitchen, utility room, shower room/WC
Let on a 12 month AST from 22.09.2014 (holding over) at £850 pcm.
No.66 (Not Inspected - Understood to be similar to No.68)
Let on a 12 month AST from 22.09.2014 (holding over) at £850 pcm.
No.64 (Not Inspected - Details from Historic Valuation Report)
First Floor: 4 rooms, bathroom/WC
Ground Floor: 2 rooms, kitchen/diner, sep.WC, rear garden
Let to the Mayor and Burgesses of the London Borough of Havering on a 3 year lease from 04.03.2013 (holding over) at £1,872.60 pcm.
We understand that the tenants use the property as an HMO/shared accommodation.

Note

There may be potential to redevelop subject to possession and all necessary consents.

EQUIVALENT £42,871.20 p.a.

EPC Rating

64 = D
66 & 68 = On application

Property Features

  • Equivalent to £42,871 p.a.
  • 3 Houses
  • Potential to Redevelop (subject to consents)

Result

Withdrawn Prior to Auction

Addendum

The property is held in 3 titles and these title plans take priority over that in the 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.