Lot 17 - 56 Morecambe Close, London, E1 4NH

  • Unconditional Online Auction Sale
  • Guide Price* : £220,000
  • Bedrooms: 1
  • Bathrooms: 1
  • Reception Rooms: 1

Investment opportunity One Bedroom Ex Council Property With A Current Rental Income Of £1,550 Per Calendar Month To be sold with tenants in situ.


Description

One bedroom Ex council flat with lounge, kitchen, bathroom and balcony, currently rented at:

£1,500 per month

Totalling £18,000 Per Annum

Lease remaining - 92 years

These properties have had the same managing agent for over 10 years and would be keen to keep looking after them for the new buyer.
The current owner pays £75 a month for the cleaning twice a month and £75 each for gas and electric.

Tenure

Leasehold

Accommodation

Lounge
Kitchen
Bedroom
Bathroom
Balcony

Location

This property is in a residential area of Stepney Green in the borough of Tower Hamlets with lot of shops and amenities just a short walk away. Stepney Green Park is a couple of minutes walk with play areas and Astro tuft football pitches. The closest tube station, Stepney Green Tube ( Circle, District, Hammersmith & City), is a 4 minute walk.

Tenancy

£1,500 Per Calendar Month

Sector

Residential

Annual Service Charge

£1,050

* 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.

Loading the bidding panel...

Agreement Documents

Related Documents

Share