Lot 6 - 3 Pixley Street, London, E14 7DF

  • Unconditional Online Auction Sale
  • Guide Price* : £400,000
  • Bedrooms: 4
  • Bathrooms: 1

Investment opportunity Flat split Into Four Rental Rooms Totalling £3,800 Per Calendar Month.


Description

A large flat split into four rooms which are currently rented at:

Room A £1,100 per month
Room B £850 per month
Room C £850 per month
Room D £1,000 per month

Totalling £3,800 Per Calendar Month
Totalling £45,600 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.

Tenure

Leasehold

Accommodation

Four rooms
Kitchen
Bathroom

Location

This property is in a residential area of Limehouse in the borough of Tower Hamlets. There are local supermarkets, shops and other amenities, along with green spaces and leisure facilities. The River Thames is a 7 minute walk and Canary Wharf is a 20 minute walk or 8 minutes on public transport. The closest train station is Limehouse ( DLR & c2c).

Tenancy

Room A £1,100 per month
Room B £850 per month
Room C £850 per month
Room D £1,000 per month

Sector

Residential

Lease Start Date

19/07/1974

Lease Duration

125 years (74 years unexpired)

Annual Service Charge

£350

* 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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