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Property for sale

15-25 Echo Heights, Chingford, London E4

Guide Price* £70,000

Property Description

Key features

  • For sale by auction
  • Ground Rent

Full description

Tenure: Freehold

Lot 192 - This lot is for sale by auction as lot 192 on 15th December 2016.

A Freehold Part Reversionary Ground Rent Investment secured upon a Purpose Built Block internally arranged to provide Six Self-Contained Flats. To be offered with Planning Permission for the Construction of an Additional Floor to create a Self-Contained Flat with Roof Terrace. Reversions from 2094


Tenure
Freehold.

Location
The property is located on the south side of Echo Heights. Echo Heights leads to Mount Echo Drive, which in turn leads to the A112 to the west. The North Circular Road (A406) is to the south and provides access to the M1 Motorway (Junction 4) to the south-east. Local shops are available in Chingford town centre, with a more extensive range of facilities being available in Loughton to the north-east. London Overground services run from Chingford Station, approximately 1.4 miles to the north-east. The open spaces of Mansfield Park are nearby.

Description
The property comprises a ground rent investment secured upon a purpose built corner building arranged over ground and three upper floors beneath a flat roof. The block is internally arranged to provide six self-contained flats. The property is to be offered with planning permission for the construction of an additional floor to create a self-contained flat with roof terrace.

Tenancies
A schedule of Tenancies is set out below.

Planning
Local Planning Authority Waltham Forest.Tel 020 8496 3000.The property is to be offered with planning permission (Application number 151275) dated 22nd March 2016 for the 'construction of additional floor to form 1 x two bedroom self-contained flat with terrace area at roof level'.

Seller's Solicitor
Messrs The Alan Mattey Group (Ref Ms A Sandler). Tel 0208 906 4411.Lawrence House, Goldwyn Avenue, London NW7 3RHDX 51353 Mill Hill

Total Current Rent Reserved


£990 per annum Reversions from 2094


Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

Listing History

Added on Rightmove:
26 November 2016

Nearest stations

  • Chingford (1.0 mi)
  • Ponders End (1.3 mi)
  • Highams Park (1.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Allsop , Auction

33 Wigmore Street , London, W1U 1BZ

020 8012 1518 Local call rate

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Map & Street View

Nearest stations

  • Chingford (1.0 mi)
  • Ponders End (1.3 mi)
  • Highams Park (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Allsop , Auction

33 Wigmore Street , London, W1U 1BZ

020 8012 1518 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 970000255. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Allsop , Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.


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