59A Skeffington Road

Ref: Lot TBC

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Town & Country Property Auctions London
Town & Country Property Auctions London

Unconditional Lot


UNCONDITIONAL LOT Exchange and administration fee information: (plus fees) Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details). In addition to the purchase price, buyers may be required to pay additional fees, costs and charges.

Description

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

Buyers Premium

Plus Fees

Council Tax Band

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.

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