Ref: Lot TBC
Tenanted investment opportunity
We are pleased to offer for sale by auction this ground floor one bedroom flat situated within a converted house, on Skeffington Road E6. The accommodation comprises bedroom, living room, kitchen and a bathroom.
The ground floor flat is currently tenanted to the local authority on a secured tenancy commanding a rent of £1,400.00 per calendar month (£16,800.00 per annum), producing 9.33% annual yield based on this guide price.
Freehold of the building included.
First floor flat has 63 years remaining on their lease.
Please refer to the legal pack for further information.
Situated in the highly sought-after area of East Ham, close the local amenities.
EPC Rating - D
For sale by online auction on 30 November 2022
Bidding opens at 10:00am and closes at 12:00 noon
Ground floor flat
One bedroom
Tenanted - £1,400 pcm (£16,800 pa)
Freehold of the building included
First floor flat has 63 yrs remaining on their lease
Conveniently located in E6
Plus Fees
B
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
By subscribing here you agree to receive relevant emails, news and updates from Town & Country Property Auctions. You can unsubscribe at any time.
No fuss, fast & free*
Town and Country offer a free selling service to a growing number of people choosing to sell their property quickly and easily through auction.
*Contact individual regions for cost
How to bid
Our buying at auction guide will help you throughout the process providing you with guidance to confidently secure your purchase.