Academy Square, 1 Academy Fields Road, Gidea Park, Essex, RM2 5UE
FREEHOLD GROUND RENT INVESTMENT PLUS INCOME FROM 8 STORAGE CAGES
Tuesday, 22nd May 2018 11:00am
An attractive detached Grade Ii listed former school building which has been converted into 14 self-contained flats. Forming part of the Academy Fields Development just to the east of central Romford with its shopping centre and mainline station (Crossrail from 2019) about ¾ mile away and Gidea Park mainline station (Crossrail from 2019) about ½ mile away.
Flats 1-14: Each sold on 125 year leases from 29.09.2004 at £250 p.a. (rising).
Rear basement & roof space: Each sold on 125 year leases from 29.09.2004 at a peppercorn. (See next 2 lots).
Basement storage cages 1-8 (inclusive): Each let on a yearly licence from 01.01.2018 at £200 p.a.
EQUIVALENT TO £5,100 p.a.
The rear basement & roof space are each offered separately in the next 2 lots.