LOT 60

Flats 1-6 The Plains, Crescent Road, Chingford, E4 6AU

FREEHOLD GROUND RENT INVESTMENT ON 6 FLATS - 1 LEASE 41 YEARS UNEXPIRED PLUS 12 GARAGES
Guide price: £240,000 plus*

Auction Date

Monday, 10th December 2018 11:00am

Accommodation

A large attractive detached purpose built block comprising 6 self-contained flats together with 12 garages to the rear (accessed from Gordon Road).
Just off Rangers Road (A1069) a short distance from Station Road with its numerous shops and restaurants and mainline station and within a short walk of Chingford Golf Club and Epping Forest.

Flat 1 & Garage 1: 99 years from 01.10.1993 at £650 p.a. (rising)
Flat 2 & Garage 2: 99 years from 25.03.1961 at £610.50 p.a. (rising)
Approx. 41 years unexpired.
Flat 3 & Garage 3: 189 years from 01.10.1993 at a peppercorn
Flat 4 & Garage 4: 99 years from 01.10.1993 at £650 p.a. (rising)
Flat 5 & Garage 5: 99 years from 01.10.1993 at £650 p.a. (rising)
Flat 6 & Garage 6: 99 years from 01.10.1993 at £650 p.a. (rising)
Garages 7-12: 4 let at £2,400 p.a. and 2 VACANT

EQUIVALENT TO £5,610.50 p.a PLUS 2 VACANT GARAGES AND 1 LEASE WITH 41 YEARS AND 4 WITH 74 YEARS UNEXPIRED.

Status

Sold for £215,000

Joint Auctioneer

OA Chapman & Son 01603 624298 Attn: Jeff Fuller

* 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.