December 2022: Wednesday 14 December 2022 - 9:00am
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Floorplan
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    Key features

    • Ground rent investment
    • Freehold six storey block
    • Comprising 12 self-contained apartments
    • All sold on long leases.
    • Investment producing £4,900 per annum
    • Rent reviews in Feb 2038 / 2039
    • 6 week completion


    Additional information

    Tenure

    Freehold

    Tenancy

    Each flat is sold on a 150 year lease to expire in January 2167

    7 flats have a ground rent payable of £450 per annum each

    5 flats have a ground rent payable of £350 per annum each.

    There is a rent review provision on each flat on 1st January 2038 with the exception of Flat 102 which has a review on 1st January 2039

    The airspace is also sold on a 999 year lease from 8/4/2022

    Rent

    £4,900 per annum
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      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.

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      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

      Situated to the north side of St Paul's Way at its junction with Turners Road

      Centrally located - approximately 1 mile north of Canary Wharf and 2 miles from the City of London

      Canary Wharf Station provides a swift transport service into Central London

      The property is located just to the south of Mile End Park.

      Transport

      Canary Wharf Station - Underground, Elizabeth Line

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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