Home > Auctions > September 2020 24 September 2020 - 9:00am > Lot 34

September 2020: Thursday 24 September 2020 - 9:00am
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    Key features

    • Of interest to investors.
    • A rarely available tipple fronted property arranged as 16 studio flats
    • Well located for the center of Illford.
    • Investment let at £144,2240.

    Description

    The subject property comprises a large, mid-terrace, Victorian-style building of brick construction with bay windows to the front elevation with a more modern two storey brick side extension

    Converted to provide 16 letting rooms;a combination of self-contained studio rooms and en-suite rooms with shared kitchen facilities

    Additional information

    Tenure

    Freehold

    Accommodation

    Converted to provide 16 letting rooms;a combination of self-contained studio rooms and en-suite rooms with shared kitchen facilities

    Tenancy

    27A Mansfield Road, IG1 3BA

    Room 001. 27A let on a 12 month licence from 8th July 2020 at £825 rent pcm

    Room 002. 27A let on a 3 month licence from 2nd July 2019 at £650 rent pcm

    Room 101. 27A let on a 3 month licence from 25th August 2020 at £700 rent pcm

    Room 102. 27A let on a 3 month licence from 15th May 2020 at £750 rent pcm 


    27B Mansfield Road, IG1 3BA

    Room 001. 27B let on a 6 month licence from 25th November 2019 at £860 rent pcm

    Room 002. 27B let on a 6 month licence from 7th February 2020 at £900 rent pcm 


    27C Mansfield Road, IG1 3BA

    Room 001. 27C let on a 6 month licence from 28th May 2018 at £825 rent pcm

    Room 002. 27C let on a 3 month licence from 1st August 2018 at £700 rent pcm

    Room 003. 27C let on a 6 month licence from 15th November 2019 at £630 pcm 


    27D Mansfield Road, IG1 3BA

    Room 001. 27D let on a 3 month licence from 12th August 2019 at £850 rent pcm

    Room 002. 27D let on a 3 month licence from 1st February 2017 at £825 rent pcm 


    27E Mansfield Road, IG1 3BA

    Room 001. 27E let on a 6 month licence from 14th March 2020 at £750 rent pcm

    Room 002. 27E let on a 5 month licence from 1st September 2019 at £630 rent pcm

    Room 101. 27E let on a 3 month licence from 16th December 2016 at £900 rent pcm

    Room 102. 27E let on 6 month licence from 1st November 2019 at £600 rent pcm

    Room 103. 27E let on a 6 month licence from 7th August 2020 at £625 rent pcm


    Total Current rent £144,2240

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        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.

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        Local information

        Ilford is the administrative centre of the London Borough of Redbridge.

        The property is situated on Mansfield Road which runs from north to south between York Road and Northbrook Road.

        The property is located within walking distance of Ilford town centre which is home to The Exchange Ilford shopping centre. Occupiers within the shopping centre include: Carphone Warehouse, Clintons, Burger King, H & M, Costa, TK Maxx, Burger King , Marks & Spencer, WH Smith, Wilko, and Debenhams.

        The property sits in a good position within Ilford, in close proximity to Ilford train station and the amenities of the towncentre, on a primarily residential street.


        Transport

        Ilford (TFL Rail)

        Legal documents

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        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.

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