LOT 44

149 & 149A Church Road, Manor Park, E12 6AF

FREEHOLD GROUND RENT INVESTMENT -
2 FLATS, 1 LEASE WITH 66 YEARS UNEXPIRED
Guide price: £20,000 plus*

Auction Date

Monday, 25th March 2019 11:00am

Location & Description

A terraced square bayed property comprising two self-contained flats with own street doors on the north side of Church Road reached from Third Avenue off Romford Road (A118) about ½ mile from Woodgrange Park mainline station.

Accommodation

149 First Floor Flat:
189 years from 18.10.1985 at £175 p.a. (doubling every 33 years).

149A Ground Floor Flat:
99 years from 29.09.1985 at £110 p.a. (rising)
Approximately 65½ years unexpired.

EQUIVALENT TO £285 p.a. WITH ONE LEASE HAVING ABOUT 65½ YEARS UNEXPIRED

* 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.