Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • Investment currently let at £62,400 pa (7.34% on Guide Price)
    • Comprises 5 flats
    • Flats 1 and 5 have been sold on long leases
    • Flats 2, 3 and 4 are let at £1,800 pcm, £1,900 pcm and £1,500 pcm
    • Potential for extension/building another two storeys at the rear (subject to consents)
    • Opposite Maryland Station (Elizabeth Line)
    • Up and coming Stratford location

    Description

    The property comprises 5 flats of which 2 have been sold off on 999 year leases. The property also includes a storage unit and garden at the rear. The property does not include the bungalow at the rear, which has rights of way for exit and fire escapes. Please see legal pack for further information.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note that the property has not been inspected by Savills.


    Flat 2 - 2 bedrooms, 2 bathrooms, plus rear entrance and private garden courtyard

    Flat 3 - 2 bedrooms, has an attractive roof terrace with potential to extend (stpp)

    Flat 4 - 2 bedrooms, potential to extend to the rear (stpp)

    Tenancy

    Flat 1 - Let on a 999 year lease from 01.01.2022 at a ground rent of £150 pa

    Flat 2 - Let on a 12 month AST from 31.08.2022 at £1,800 pcm (£21,600 pa)

    Flat 3 - Let on a 12 month AST from 17.12.2022 at £1,900 pcm (£22,800 pa)

    Flat 4 - Let on a 12 month AST from 24.09.2022 at £1,500 pcm (£18,000 pa)

    Flat 5 - Let on a 999 year lease from 01.01.2022 at a ground rent of £150 pa


    Total - £62,400 pa


    Rent

    £62,400 pa
      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Stratford is an ever-increasingly popular location in North East London. The property is located on the south side of Manbey Park Road and is less than 100m from Maryland Station (Elizabeth Line).

      Transport

      Maryland (Elizabeth Line), Stratford

      Legal documents

      Login to view legal documents

      EPC rating

      The EPC rating for this property is D

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums