Lot 10 - Flat 23 James Brine House, Ravenscroft Street, London, E2 7QQ

  • Unconditional Online Auction Sale
  • Guide Price* : £420,000
  • Bedrooms: 4
  • Bathrooms: 1

Investment opportunity Ex Council Property Split Into Four Rooms Currently Rented At £4,150 Per Calendar Month To be sold with tenants in situ.


Description

Ex council property with four rooms, kitchen, bathroom currently rented at:

Room A £1,150 per month
Room B £950 per month
Room C £1,050 per month
Room D £1,000 per month

Totalling £4,150 Per Calendar Month
Totalling £49,800 Per Annum

Lease remains - 89 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

Four rooms
Kitchen
Bathroom

Location

This property is located in a residential area with Ravencroft Park on the doorstop. A short walk away is a high street full of shops, eateries and amenities. The closest train station is Hoxton (overground) and is a 7 minute walk or drive away.

Tenancy

Room A £1,150 per month
Room B £950 per month
Room C £1,050 per month
Room D £1,000 per month

Sector

Residential

Annual Service Charge

£1,200

* 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