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A First Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £18,000 Per Annum
The property comprises a first floor one bedroom flat situated within a purpose built block arranged over ground and four upper floors.
Tenure
Leasehold. The property is held on a 125 year lease from 5th May 2016 (thus approximately 115 years unexpired).
By Order of the LPA Receivers
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Lodge Farm Park are within easy reach. Transport links are provided by Romford underground station (Elizabeth line).
Accommodation
First Floor Open Plan Reception/Kitchen Bedroom Bathroom
Exterior
The property benefits from lift access, a concierge service and an allocated parking space.
Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 18 months commencing 2nd September 2024 at a rent of £1,500 per calendar month (holding over).
Energy Efficiency Rating (EPC)
Current Rating B
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.