Lot 27 - East London Portfolio

  • Unconditional Online Auction Sale
  • Bedrooms: 0

Addendum

Please be advised all legal pack are on separate lots in this auction from 11 to 19 discounting lot 13 as below.
This property has been withdrawn from the portfolio but can be bought under separate negotiation.

Flat 4 Gilbert House, Usk Street, London, E2 0RU
A large flat split into four rooms currently rented at:
Totalling £39,720 Per Annum

East London Portfolio


Description

3 Pixley Street, London, E14 7D
A large flat split into four rooms currently rented at:
Totalling £45,600 Per Annum

3 Foundry Place, London, E1 3BY
Large two bedroom flat currently rented at:
Totalling £31,800 Per Annum

10 Clark Street, London, E1 2HD
Ex council property, three rooms, kitchen, bathroom, outdoor space, currently rented at:
Totalling £35,400 Per Annum

Flat 11 Marsworth House, Whiston Road, London, E2 8RU
Ex council property, four rooms, kitchen, bathroom currently rent at:
Totalling £44,160 Per Annum

Flat 23 James Brine House, Ravenscroft Street, London, E2 7QQ
Ex council property, four rooms, kitchen, bathroom currently rented at:
Totalling £49,800 Per Annum

56 Morecambe Close, London, E1 4NH
One bedroom Ex council flat, lounge, kitchen, bathroom, balcony, currently rented at:
Totalling £18,000 Per Annum

Unit 1, 426 Hackney Road, London, E2 7AP
Large flat, Three rooms, kitchen, bathroom currently rented at:
Totalling £33,480 Per Annum

Flat 7, 4 Barchester Street, London, E14 6RF
Large property split into four rooms currently rented at:
Totalling £39,000 Per Annum

Total income for all properties:
£336,960 per annum

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 for each property.

Location

All these properties are in East London, Bow Common, Hackney, Stepney Green, Raven Croft, Shoreditch, Bethnal Green and Limehouse. they all have local shops and other amenities nearby with green spaces and leisure facilities.

Sector

Residential

* 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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