A Vacant One Bedroom Fourth Floor Flat. ERV of £4,576 per annum if Let at the Local Housing Authority Rate.

The property comprises a fourth floor one bedroom flat situated within a purpose built building arranged over ground and four upper floors. The property is in a habitable condition and benefits from a gas safety certificate and new boiler.

Tenure

Leasehold. The property is held on a 99 year lease from 1st January 1980 (thus approximately 60 years unexpired).

Location

The property is situated on a residential estate close to local shops and amenities. The open spaces of Albany Park are within easy reach. Transport links are provided by the A1M motorway which is approximately one mile away.

Accommodation

Fourth Floor Reception Room Kitchen Bedroom Bathroom Balcony

Exterior

The property benefits from communal gardens and parking.

Tenancy

The LHA rates for a 1 bedroom property in this postcode is £88.00 per week. Thus potential income of £4,576 per annum (source: https://lha-direct.voa.gov.uk).

The property has not inspected by Auction House London. All information has been supplied by the vendor.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.