LOT 56

54 Cavell Street, Whitechapel, E1 2HP

FREEHOLD CITY FRINGE GROUND RENT INVESTMENT ON 9 FLATS

Result: Sold for an undisclosed amount Guide price: £20,000 PLUS*

Auction Date

Tuesday, 14th September 2021 12:00am

A large attractive former warehouse property on 5 main floors and comprising 9 self-contained flats. On the east side of Cavell Street which joins Commercial Road and Whitechapel Road on the fringe of the City in a mixed residential and commercial location. Nearby occupiers include Holiday Inn, McDonalds, Subway and Iceland (at Watney Market). Whitechapel underground (District and Hammersmith & City lines) and the Royal London Hospital are a few minutes walk away.

Accommodation

Flats 1-8 & 15 9 flats each sold on 999 year leases from 20.05.2002 at £250 p.a.

EQUIVALENT TO £2,250 p.a.

Note

1. Auction Surveyor: Ian Mann
Contact: 020 8509 4407 ian.mann@strettons.co.uk
2. An RTM Company has been formed
3. The front door is shared with flats in the adjoining building

Status

Sold for an undisclosed amount

Addendum

The property is in a conservation area and one of the leases commences in 2016. The seller advises that he is not responsible for insurance.

* 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.