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A One Bedroom Ground Floor Flat Subject to an Assured Shorthold Tenancy Producing £12,600 per annum
The property comprises a ground floor one bedroom flat situated within a purpose built block of seven flats arranged over ground and three upper floors.
Leasehold. The property is held on a 99 year lease from 24th June 1973 (thus approximately 51 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer. We understand from the vendor that the Freeholder has offered an extension to 99 years for £41,000.
The property is situated on a residential road close to the local shops and amenities of . Woodford Road. The open spaces of The Doughnut Park are within easy reach. Transport links are provided by South Woodford underground station (Central line) which is a just short walk away.
Ground Floor Large Reception Room/Dining Area Kitchen Bedroom Bathroom
The property benefits from direct access to the communal gardens and off street parking.
The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 17th May 2020 at a rent of £1,050 per calendar month.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.