Guide Price = £110,000+

**For Sale By Public Auction 11th December 2024 09:00 am. To inspect the legal documents for this property go to our website to download the legal pack**

A First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £7,200 Per Annum with Potential to Increase the Rent.

Tenure
Leasehold. The property is held on a 99 year lease from 21st November 2016 (thus approximately 91 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of North Millfields Recreation Ground are within easy reach. Transport links are provided by Clapton overground station and Lea Bridge rail station.

Description
The property comprises a first floor studio flat situated within an end of terrace building arranged over lower ground, ground and two upper floors.

Accommodation
First Floor
Studio Room with kitchenette
Bathroom

Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £600 per calendar month.

Note
In 2019, the flat was rented out for £1,190 per calender month.

EPC Rating

D

There are no internal viewings

Addendum
Please note that this property is subject to a Buyers Premium of 1.5% plus VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.