Exchange House, 107 Butts Green Road, Hornchurch, Essex, RM11 2LD
Result: Refer to auctioneer Guide price: £180,000 plus*
Tuesday, 22nd May 2018 11:00am
Location & Description
Although with an Essex address Hornchurch is in the London Borough of Havering about 2 miles east of Romford just to the south of the Southend Arterial Road (A127) which leads to junction 29 of the M25.
An attractive detached building converted into six flats with secure gated access and parking on the west side of Butts Green Road within a short distance of Emerson Park mainline station.
PLANNING PERMISSION has been GRANTED for the erection of a roof extension to create a flat with private amenity space together with the extension and alteration of the stairwell & external areas.
(Plans show a 2 BEDROOM FLAT with roof top balcony).
Plus six flats each with parking and each sold on 125 year leases, 5 from 01.01.2008 & 1 from 25.08.2010 at £200 p.a. (doubling every 25 years).
The seller advises that capped off gas, water and waste pipes are already on the first floor in anticipation of the development.
EQUIVALENT TO £1,200 p.a. PLUS PLANNING PERMISSION FOR '2 BEDROOM PENTHOUSE FLAT'
The lease for flat 4 is 126 years from 01.01.2008.