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No longer on the market

This property is no longer on the market

18 bedroom block of apartments

Block of apartments
18 beds
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent

Features and description

  • A long leasehold residential investment opportunity
  • The property comprises 12 individual apartments
  • The estimated rental pricing once fully let is circa £223,000 per annum
  • EPC Rating: 11 x D, E




First Floor:

Apartment One: One bedroomed. 49 sqm (532 sq ft)
Apartment Two: Two bedroomed. 74 sqm (798 sq ft)
Apartment Three: Two bedroomed.70 sqm (755 sq ft) Currently let at £1,650.00pcm (£19,800 per annum)
Apartment Four: Two bedroomed. 61 sqm (661 sq ft)
Apartment Five: Two bedroomed. 73 sqm (787 sq ft)
Apartment Six: One bedroomed. 40 sqm (435 sq ft)
Apartment Seven: Studio. 56 sqm (603 sq ft)
Apartment Eight: One bedroomed. 49 sqm (535 sq ft)
Apartment Nine: One bedroomed. 49 sqm (529 sq ft)
Apartment Ten: One bedroomed. 51 sqm (559 sq ft)


Second Floor:

Apartment Eleven: Two bedroomed. 81 sqm (872 sq ft)
Apartment Twelve: Two bedroomed. 63 sqm (680 sq ft)


Approximate Gross Internal Area

Ground Floor: 44 sqm (474 sq ft)
First Floor: 743 sqm (7999 sq ft)
Second Floor: 164 sqm (1767 sq ft)

Total: 951 sqm (10240 sq ft)


Location:

The property is located on Leytonstone’s main high street, ‘High Road’; which within the London Borough of Waltham Forest.
The property benefits from excellent transport communications with Leytonstone High Road station within a c. one minute walk from the property providing direct access to London Overground’s Gospel Oak to Barking Line. Similarly, located a c. 8 minute walk from the property is Leytonstone tube station which provides direct access via the Central Line to the Stratford in 12 minutes and Liverpool street in 23 minutes. Road links are also good with immediate access to major roads such as the A12 which links the property to central London locations including Stratford, Canary Wharf and City of London as well as the UK’s major motorway network including nearby access to the M11 and M25. The area benefits from immediate access to a variety of retail and food and beverage amenities located around High Road, including Tesco, Boots and Sainsburys. Located less than a c. 10 minute walk from the property is Wanstead Heath, one of the largest expanses of common land within London providing residents with access to green spaces.


Lease

We believe the property benefits from a 999 year Headlease and peppercorn ground rent.


Note:

The buyers fee for this lot is £6,000 inc VAT


Viewing Details

Please ensure you have viewed the video tour, if there is one available, and if you would still like to view the property please contact the auction team.


Legal Pack

The Conditions of Sale (also known as the legal pack) will be deposited at the offices of the auctioneers and sellers’ solicitors/licensed conveyancers prior to the auction and the buyer shall be deemed to have knowledge of same whether inspected or not. They will also be available to download from our website knight-frank.sdlauctions.co.uk (under the Lot Information section). Any questions relating to them must be raised prior to the auction. Prospective buyers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.


*Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. A full definition of the Guide Price and the Reserve Price can be found in the Buyers Terms.


Energy Performance Certificates

EPCs can be viewed in full in the legal pack or from the lot information section of our website.


Auction Type: Unconditional with Fixed Fee

Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.

Prospective buyers will need to register to bid remotely via our website, prior to the auction day. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits.


Auction Fees

The sale of this lot is subject to a buyer’s fee which is stated above and payable on the fall of the hammer. The purchase of this property may include additional associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the Lot Information section, or to find out more about any additional fees associated with this property please contact the auction office.


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About this agent

Knight Frank - Auctions
Knight Frank - Auctions
55 Baker Street London W1U 8AN
020 8128 4801
Full profileProperty listings
We are passionate about property. Our foundations are built on supporting clients in one of the most significant decisions they’ll make in their lifetime. As your partners in property, we act with integrity and are here to help you achieve the very best price for your home in the quickest possible time. We offer a range of services for your property requirements. If you are selling, buying or letting a home, or you need some frank advice and insight on the current property market from our team, please get in touch. We’d love to hear from you.
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