LOT 44

Clova Court, 64A-C & 66A-C Clova Road, Forest Gate, E7 9AF

FREEHOLD GROUND RENT INVESTMENT - 6 FLATS, 3 LEASES WITH 60 YEARS UNEXPIRED
Result: Sold for £86,000 Guide price: £80,000 plus*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A large detached block comprising 6 self-contained flats (some with own street door) on the south side of Clova Road just north of Romford Road.
Central Stratford with its numerous transport links and Westfield shopping centre is just to the west.

Accommodation

64a: 99 years from 29.09.2006 at £350 p.a. (doubling every 33 years). Approximately 86 years unexpired.
64b: 99 years from 04.01.1980 at £25 p.a. Approx. 60 years unexpired.
64c: 99 years from 21.01.2003 at £100 p.a. Approx. 83 years unexpired.
66a: 99 years from 19.12.1979 at £25 p.a. Approx. 60 years unexpired.
66b: 125 years from 25.03.2004 at £200 p.a.
66c: 99 years from 29.09.1979 at £25 p.a. Approx. 59½ years unexpired.
Rear garden, side access.

EQUIVALENT TO £725 p.a. WITH 3 LEASES HAVING ABOUT 60 YEARS UNEXPIRED, ONE WITH 83 YEARS AND ONE WITH 86 YEARS UNEXPIRED.
LARGE UNDEMISED ROOF SPACE WITH DEVELOPMENT POTENTIAL (SUBJECT TO CONSENTS).

Status

Sold for £86,000

Joint Auctioneer

B Bailey & Co 020 8532 4150 Ref: Peter Gunby

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.