*Guide | £150,000+ (plus fees)
- Terraced House
- 2 Bedrooms
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Reversionary Freehold Interest Secured Upon a Two Bedroom Mid Terrace House
The property comprises a two bedroom terraced house arranged over ground and first floors.
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of St Chads Park are within easy reach. Transport links are provided by Chadwell Heath rail station.
Accommodation
Ground Floor Reception Room Kitchen First Floor Two Bedrooms Bathroom
Exterior
The property benefits from a rear garden.
Tenancy
The property has been sold off on a 99 year lease from 22nd March 1938 (thus approximately 14 years unexpired).
The property has not been inspected by Auction House London.
Further Information
A Ground Rent is a nominal annual rent paid by the leaseholder to the freeholder. When you purchase a ground rent investment you are purchasing the rights to the ground rent income, not the flats themselves. When the lease terms become low, the freeholder can charge each lessee a premium for extending their lease. Further income can be derived when the freeholder has the right to manage and insure the building.
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 £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
