Sold for £576,000

By Order of a Housing Association

A freehold block of 6 x 1 bedroom flats occupying a large site of 0.18 acres with potential for extension and development subject to planning, vacant.

Description/Location

The property is set back from a pleasant tree lined road facing Stoke Green open space. The site extends to 0.18 acres with a car park to the rear measuring approx. 75 x 45 ft with potential for further development subject to planning. We estimate the current rental value of the flats at £650 pcm each, equivalent to a collective annual rent of £46,800 pa.

Tenure

Freehold

Local Authority

Viewing

Network Auctions - 020 7871 0420

Accommodation

6 x 1 bedroom self contained flats across 3 floors.

Rent

ERV: £46,800 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.