Sold £168,000
- Residential Development
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Freehold Ground Rent Investment and Roof Space Development Opportunity Secured Upon a Block of Five Flats (All Sold-Off) Currently Producing £750 Per Annum. Offered With Planning Permission for the Erection of an Additional Floor to Provide 2 x One Bedroom Flats
The property comprises two terraced buildings arranged to provide five self-contained flats 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 Plaistow Park are within easy reach. Transport links are provided by West Ham underground (District, Hammersmith & City and Jubilee lines) and rail stations.
Planning
Newham Borough Council granted the following planning permission (ref: 21/02846/FUL) on 10th December 2021: 'Hip to gable roof extension and a rear dormer extension to create two additional residential units comprising of 2No. 1bedroom 1person flats and associated improvements across the site'.
S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights.
Energy Efficiency Rating (EPC)
Current Rating D
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.
