COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 30 March 2021 | Lot 63

38-40 High Road, Romford, Essex, RM6 6PR

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

Auction Date

Tue 30/03/2021

Auction Time

12:00

Auction Venue

Live Stream

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.

Additional Fees

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.