Sold £18,500
- Property For Sale
- Tenure: Head Leasehold. The property is held on a 125 year lease from 1st January 2013 (thus approximately 120 years unexpired) at a ground rent of £250 per annum.
Call the team on 020 7625 9007 for more information
A Head Leasehold Investment Secured Upon Four Flats Producing a Gross Income of £3,200 Per Annum (Net Income £2,950 Per Annum).
The property comprises a head leasehold ground rent investment secured upon four flats on the ground and first floors of a mid terraced building.
Tenure
Head Leasehold. The property is held on a 125 year lease from 1st January 2013 (thus approximately 120 years unexpired) at a ground rent of £250 per annum.
Location
The property is situated in the East London area of Romford close to local shops and amenities. The open spaces of St Chad's Park are also within close proximity. Transport links are provided by Chadwell Heath Rail Station.
Current Rent Reserved
Current Rent Reserved £3,200 per annum
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.
