December 2021: Wednesday 15 December 2021 - 9:00am
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Floorplan
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    Key features

    • Ground rent investment with a current rent of £12,000 per annum
    • Additional income from a cash point machine and bin license to Tesco
    • Freeholder insure and manages the block at £7500 commission per annum
    • £40,000 in service charge fund
    • Potential for two more floors (subject to consent)
    • Managing Agents HML Group (RICS registered)

    Additional information

    Tenure

    Freehold

    Accommodation

    A purpose built block of 14 self contained flats and commercial unit

    Tenancy

    Flats 1, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 and the commercial unit are let - Leasehold 999 years from 25 March 2003.

    Flats 2 & 3 are 125 years from 2003

    Ground rent £4,500 per annum.

    Cash Machine License to Tesco £5,000 per annum

    Bin Store License to Tesco £2,500 per annum

    Freeholder Insures and manages the block currently worth £7,500 commission

    Rent

    Total current rent £12,000 per annum
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      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 close to the junction of Queens Street

      Shopping facilities are available locally and to a greater extent on upper street along with a good selection of cafes bars and restaurants

      Recreational facilities can be found at Shoreditch Park which is a short distance away

      Nearby road communications are via the A1 A10 A1200

      Transport

      National Rail - Essex Road

      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