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A Mid Terrace Building Arranged to Provide Three Self-Contained Flats (1 x Two Bedroom & 2 x One Bedrooms) Part Let Producing £23,400 Per Annum
The property comprises a mid terrace building arranged to provide three self-contained flats over lower ground and three upper floors.
Tenure
Freehold
By Order of the LPA Receivers
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of West Ham Park are within easy reach. Transport links are provided by Stratford underground (Elizabeth, Central and Jubilee lines), overground and rail stations.
Accommodation
Lower Ground Floor Flat A Reception Room Kitchen One Bedroom Bathroom Raised Ground Floor Flat B Reception Room Kitchen One Bedroom Bathroom First Floor & Second Floor Flat C Reception Room Kitchen Two Bedrooms Bathroom Shower room.
Planning
Newham Borough Council has the following details of previous planning history; - Planning Application 15/02300/CLE. Approval sought for use as 4 flats. Refused 21st October 2015. Planning enforcement – ref21/00596/ENFC. Suspected use as an unlicenced HMO. Outcome- file closed. The entrance door to second floor has been removed. Note the top floor is vacant.
Tenancy
Flat B is subject to an AST for a term of 12 months commencing 9th April 2023 at a rent of £1,200 per calendar month. Flat C is subject to an AST for a term of 12 months commencing 95th January 2023 at a rent of £750 per calendar month.
NOTE - Flat C was previously sub divided into two flats without permission and subject to enforcement notice. It was previously sub divided into a two/three bed flat HMO without permission. The tenant has verbally advised their tenancy is for the first-floor area only and does not include second floor.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.