A Freehold Ground Rent Investment Secured Upon a Detached Block Comprising of Twenty Self-Contained Flats Producing £480 Per Annum. Plans Have Been Drawn up for the Erection of Three Additional Flats.

The property comprises a purpose built block arranged to provide twenty self-contained flats arranged over ground and three upper floors. Plans have been drawn up for the erection of three additional flats (1 x 1 bed, 2 x two bed). No planning application has been submitted for this scheme. Drawings of the proposed plans are available for inspection. Auction House London make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans. Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history in respect of this site.

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Cator Park are within easy reach. Transport links are provided by Ravensbourne rail station.

Current Rent Reserved

Current Rent Reserved £480 per annum

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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.