House For Sale £750,000
Guide Price = £750,000+
**For Sale By Public Auction 14th September 2021 12:00 pm. To inspect the legal documents for this property go to our website to download the legal pack**
A Residential Investment Comprising Two Self-Contained Three Bedroom Flats over the First and Second Floors. Fully Let on Two 10 Year rpi Linked Leases to a Housing Association Producing £51,202 Per Annum. A Third Flat on the Third Floor is Sold Off with a Ground Rent of £50 Per Annum.
To Be Offered Individually or Collectively With Lots 38-42
Tenure
Leasehold. Flat 1 is held on a 125 year lease less three days from 1st May 1988 (thus approximately 92 years unexpired). Flat 2 is held on a 125 year lease from 1st May 1988 (thus approximately 92 years unexpired).
Location
The property is situated on Malvern Road close to local shops and amenities. The open space of Paddington Recreation Ground is within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) and Queen's Park rail station.
Description
The property comprises two self-contained three bedroom flats over the first and second floors with a total combined gia of approximately 1,222 sq ft.
Accomodation Schedule
PropertyFloorAccommodationFlat 1FirstThree Bedrooms, Communal Kitchen and BathroomFlat 2SecondThree Bedrooms, Communal Kitchen and BathroomFlat 3ThirdSold off on a lease from 5th February 997 expiring on 5th January 2113 at a rent of £50pa rising to £250pa
Tenancy
The two self-contained flats are let on a separate iri leases to a housing association for a term of 10 years commencing September 2021 at a combined rent of £51,202 per annum. The rent increases each year in line with the rpi and there is no break clause.
Viewings Strictly by Appointment Only - Video Walkthrough Available
**For Sale By Public Auction 14th September 2021 12:00 pm. To inspect the legal documents for this property go to our website to download the legal pack**
A Residential Investment Comprising Two Self-Contained Three Bedroom Flats over the First and Second Floors. Fully Let on Two 10 Year rpi Linked Leases to a Housing Association Producing £51,202 Per Annum. A Third Flat on the Third Floor is Sold Off with a Ground Rent of £50 Per Annum.
To Be Offered Individually or Collectively With Lots 38-42
Tenure
Leasehold. Flat 1 is held on a 125 year lease less three days from 1st May 1988 (thus approximately 92 years unexpired). Flat 2 is held on a 125 year lease from 1st May 1988 (thus approximately 92 years unexpired).
Location
The property is situated on Malvern Road close to local shops and amenities. The open space of Paddington Recreation Ground is within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) and Queen's Park rail station.
Description
The property comprises two self-contained three bedroom flats over the first and second floors with a total combined gia of approximately 1,222 sq ft.
Accomodation Schedule
PropertyFloorAccommodationFlat 1FirstThree Bedrooms, Communal Kitchen and BathroomFlat 2SecondThree Bedrooms, Communal Kitchen and BathroomFlat 3ThirdSold off on a lease from 5th February 997 expiring on 5th January 2113 at a rent of £50pa rising to £250pa
Tenancy
The two self-contained flats are let on a separate iri leases to a housing association for a term of 10 years commencing September 2021 at a combined rent of £51,202 per annum. The rent increases each year in line with the rpi and there is no break clause.
Viewings Strictly by Appointment Only - Video Walkthrough Available
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