Property description

Strapline

Auction Sale - 05/04/2022

An attractive double fronted terraced building arranged as three self contained flats, two are let on AST's one is sold on a lease with 59 years unexpired. Investment producing £25,500 per annum.

Description

A traditional brick built double fronted terraced building with a pitched and tile covered roof, arranged as three self-contained flats.

Location

Located to the east side of Mayfair Avenue close to the junction with The Drive.

Situated within a well established and popular residential area just to the north of Central Ilford

There are many shops bars and restaurants available in Ilford centre approximately 1 mile to the south.

The green open spaces of Valentines Park lie within 300 meters to the east.

Ilford Station provides a frequent commuter service into central London.

Transport

Ilford Station - National Rail

Tenancy

Flat 1. Let on a fixed term tenancy from 10/11/2021 at £950 per calendar month

Flat 2. Let on a fixed term tenancy from 20/10/2021 at £1,175 per calendar month

Flat 3. Sold on a 99 year lease from 15 April 1982

Accommodation

Ground Floor

Flat 1. Reception room, Bedroom, Kitchen, Bathroom/WC

Flat 2. Three rooms, Kitchen, Bathroom/WC

First Floor

Flat 3. Not inspected by the auctioneers - subject to a long lease.
Amenities

Double fronted terraced building

Arranged as three self-contained flats

1 x 2 bed and 1 x 1 bed, let on AST's

Third flat sold on a lease with 59 years to run

Reversionary investment producing £25,500 per annum