LOT 18

Roof Space & Rear Basement Academy Square, 1 Academy Fields Road, Romford, Essex, RM2 5UE

2 VACANT LONG LEASEHOLDS ROOF SPACE AND BASEMENT BOTH WITH RESIDENTIAL POTENTIAL

Guide price: £85,000 - £90,000*

Auction Date

Tuesday, 27th March 2018 11:00am

A roof space and a self-contained basement area in this very 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 centres and mainline station (Crossrail from 2019) about ¾ mile away.

Accommodation

Lot 17: Roof space on part of building (see plan) - seller advises 2,065 sq ft.
Potential for a flat (stp) - scheme prepared shows 2-bedrooms 1 with en-suite.
Lot 18: Rear self-contained basement area (see plan)
Potential for a flat (stp) - scheme prepared shows 1-bedroom.

Lease Details

Each lease is for 113 years from 2016 at a peppercorn - both leases allow for two parking spaces each.

OFFERED VACANT WITH POTENTIAL FOR RESIDENTIAL SUBJECT TO CONSENTS

Note

1. The freehold which mainly consists of the ground rents is scheduled for our May 22nd auction
2. Viewings of the basement area can be arranged

Status

* 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.