Lot 9 - Flat 11 Marsworth House, Whiston Road, London, E2 8RU
- Unconditional Online Auction Sale
- Guide Price* : 300,000
- Bedrooms: 4
- Bathrooms: 1
Investment opportunity Ex Council Property With Four Rooms Currently Rented Out At £3680 Per Calendar Month To be sold with tenants in situ.
Description
Ex council property with four rooms, kitchen and bathroom currently rent at:
Room A £1,100 per month
Room B £830 per month
Room C £800 per month
Room D £950 per month
Totalling £3680 Per Calendar Month
Totalling £44,160 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
Location
This property is in the area of Shoreditch by Regents Canal. Just behind the property is Haggerston Park which is full of sports facilities including football, rugby, table tennis, softball and Hackney City Farm. The main shopping area Broadway Market is a 7 minute walk with independent shops, eateries and other amenities. The closest Train station is Haggerston (overground) which is a 5 minute drive or a 15 minute walk.
Tenancy
Room A £1,100 per month
Room B £830 per month
Room C £800 per month
Room D £950 per month
Sector
Residential
Annual Service Charge
£1,100
* 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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