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A Lower Ground & Ground Floor Two Bedroom Maisonette Subject to a Three Year Tenancy Producing £33,000 per annum.
The property comprises a lower ground and rear ground floor two bedroom maisonette situated within a mid terrace building arranged over lower ground and two upper floors. The property benefits from its own front door and requires modernisation.
Tenure
Long Leasehold. The property is held on a 999 year lease from 1st January 2005.
By Order of the LPA Receivers
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of New Cross Gate Cutting are within easy reach. Transport links are provided by New Cross Gate overground and rail stations.
Accommodation
Lower Ground Floor Hallway Reception Room Bedroom Kitchen Separate WC Ground Floor Bedroom Bathroom with WC & wash basin GIA 1,571 sq ft (taken from EPC)
Exterior
The property benefits from sole use of the rear garden
Tenancy
The property is subject to a rental lease for a term of 3 years commencing 15th January 2019 at a rent of £2,750 per calendar month. We understand that each room is let to 3 different occupiers.
The property has not been 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.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.