Lot 22 - Flat 52 Regal House, Royal Crescent, Ilford, Essex, IG2 7JY

  • Unconditional Online Auction Sale
  • Guide Price* : £225,000
  • Bedrooms: 2
  • Bathrooms: 2
  • Reception Rooms: 1

Landmark Auctions Are Pleased To Offer For Sale By Public Auction On : Thursday 15th February 2024


Description

Being sold as a buy-to-let investment with an AST. Fifth floor flat serviced by a lift. It has two double bedrooms and a video entry system. There is underground parking and concierge.

Tenure

Leasehold

Accommodation

Main entrance has a lift and access via video entry
Two double bedrooms
Open plan Kitchen Lounge
En-suite
Main Bathroom

Location

In close proximity to Newbury Park Central Line Station with a variety of shops, good schools and good bus services to Ilford, Gants Hill and Romford,
Ideally located next to the A12 allowing access to Stratford Westfield, M11 and Essex.

Tenancy

This property is let on an AST at the rent of £1300 pcm

Yield

6.24% Gross

Lease Start Date

01/01/2006

Lease Duration

125 years (106 years unexpired)

Annual Ground Rent

£200

Annual Service Charge

£3,500

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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