ROI = 14% BMV = 25.93%
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Description
StrapLineAuction Sale - 30/10/2024 Of interest to Developers and InvestorsA four storey freehold block currently arranged as eight self-contained flats sold on 99 year leases from 2008 (approximately 83 years unexpired), benefitting from prior approval to add an extra floor of accommodation providing a studio flat and a one bedroom flat, well located for the shopping and recreational amenities of Walthamstow. - Total current ground rent £2000.00 per annum DescriptionA four storey freehold block currently arranged as eight self-contained flatsBenefitting from prior approval to add an extra floor of accommodation providing a studio flat and a one bedroom flat LocationThe property is located near to the junction of Stocksfield Road and Wood Street.Shopping amenities are available nearby in the centre of Walthamstow.Recreational amenities of Leyton Flats and Lloyd Park. TransportOverground - Wood Street and Walthamstow CentralUnderground - Walthamstow Central TenancyThe eight flats are each sold on leases for a term of 99 years from 1st January 2008 at a ground rent of £250.00 per annum per flat PlanningPrior approval granted on 19th April 2023 to add "an extra floor of accommodation providing a Studio Flat and a One Bedroom Flat". Please refer to the legal pack (Appeal Reference Number APP/U5930/W/22/3297696.)
Find out MoreProperty Details
- Property ID: 153814496
- Added On: 2024-10-16
- Deal Type: For Sale
- Property Price: £90,000
- Bedrooms: 0
- Bathrooms: 1.00
Amenities
- To be offered on Tuesday 29 October
- A four storey freehold block currently arranged as eight self-contained flats
- Sold on leases 99 year leases from 2008 (approximately 83 years unexpired)
- Benefitting from prior approval to add an extra floor of accommodation providing a studio flat and a one bedroom flat
- Conveniently located for the amenities of Walthamstow
- Total current ground rent £2000.00 per annum
