Property for Auction in London - Flat 2, 309 Barking Road, Plaistow, London

A First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £13,200 Per Annum (Reflecting a Gross Initial Yield of 17.6%) The property comprises a first floor studio flat situated within a mixed use parade arranging over ground and first floors. Tenure Leasehold. The property is held on a 125 year lease from 1st January 2006 (thus approximately 105 years unexpired ). Location The property is situated on a residential road close to local shops and amenities. The open spaces of Central Park are within easy reach. Transport links are provided by East Ham underground station (Circle line) and Barking rail station. Accommodation First Floor Studio Room Bathroom Tenancy The property is subject to an Assured Shorthold Tenancy at a rent of £1,100 per calendar month. Energy Efficiency Rating (EPC) Current Rating C Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.