Terraced House
A traditional mid-terraced house situated in a popular residential location within easy reach of local amenities approximately one mile from Stratford and Newham town centres.
The property is currently let at £15,576 per annum rising annually by the Retail Price Index plus 2%.
Hall, lounge, kitchen, utility room, wc.
Three bedrooms, bathroom.
A small yard at the front and a small enclosed garden at the rear.
The property is let under an Occupancy Agreement (commenced 07/12/1992) at a contractual rent of £299.53 per week. The Agreement allows for annual increases on 1st April in line with the Retail Prices Index (RPI) plus 2%. Prospective buyers are advised to see the legal pack for verification and to make all necessary independent enquiries prior to placing their bid as this will be binding.
Please be advised that the auctioneers have not personally inspected the property and the details have been provided by the seller. Room measurements will therefore not be provided. Interested parties should rely on their own investigations to verify the information provided before placing their bid, as this will be binding.
There will be no internal viewings and interested parties are requested not to contact the occupants direct
Mains gas, electricity, water and drainage are believed to be connected. Prospective buyers are advised to make any necessary independent enquiries in this respect before placing their bid, as this will be binding.
TBC
Brick.
Standard 15 mbps, Superfast 267 mbps and Ultrafast 1000 mbps are available in this location
EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Sky, Virgin and BT are available in this location.
Freehold. Subject to tenancy.
No Parking Available
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price 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. A full definition can be found within the Buyers Terms.
