Property for sale in London E2, 0 Bedroom

Lot 31 - This lot is for sale by auction as lot 31 on Thursday 28th March 2019.

A Long Leasehold Ground Rent Investment secured upon a Mid Terrace Building internally arranged to provide Nine Self-Contained Flats

Total Current Gross Rent Reserved

£4,500 per annum

Tenure
Long Leasehold. The property is held on a long lease for a term of 999 years from 24th March 2011 (thus having approximately 992 years unexpired) at a peppercorn ground rent.

Location
The property is located in Shoreditch, on the north side of Redchurch Street. Bethnal Green Road (A1209) is to the east and provides access to Shoreditch High Street (A10) to the west. An extensive range of shops, bars and restaurants is available in Shoreditch. London Overground services run from Shoreditch Station approximately 3 minutes’ walk to the south. The open spaces of Boundary Gardens are nearby.

Description
The property comprises a ground rent investment secured upon a mid terrace building arranged over part ground and four upper floors beneath a pitched roof. The building is internally arranged to provide nine self-contained flats.

Tenancies
Each flat is subject to a lease for a term of 125 years from 25th March 2013 (thus having approximately 119 years unexpired) at a current ground rent of £500 per annum.

Rights of Pre-Emption
The lessees have elected to take up their rights of pre-emption under the terms of the Landlord and Tenants Act 1987.

Seller’s Solicitor

Amphlett Lissimore (Ref: Mg). Tel: Email: M.Graziani@allaw.Co.Uk

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.