59 St Marys Road, Ilford, IG1 1QU
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Location & Description
Comprising three self-contained flats about mile from Seven Kings station (mainline and Elizabeth line), giving access to Liverpool Street and Heathrow Airport.
Accommodation
Whilst Strettons have not internally inspected the property, we understand that the accommodation comprises the following:
Flat B: Open plan lounge/ kitchen, bedroom and bathroom with toilet.
Flat C: Studio flat and bathroom with toilet.
Tenancy Details
Both properties are let on a 12 month Assured Shorthold Tenancy.
Flat A sold off on a 99 Year lease from 25 June 2006 at a rent of £300 p.a.
Flat B, from 13th April 2023 (holding over) at £1,200 per calendar month.
Flat C, from 5th April 2023 (holding over) at £995 per calendar month.
Note
The seller advises that this is structured for sale as a company entity. The company (Greater London Investments Ltd) will become the property of the new owners by way of share transfer and this property is the only asset the company owns.
The property on its own is not being sold but rather the company is being sold as going concern with the shares being transferred to the successful bidder and he/she being appointed as directors with the current directors and persons of significant control resigning.
This provides a streamlined acquisition process with significant financial benefits for the prospective buyer. Acquiring the properties through a Special Purpose Vehicle (SPV) can lead to savings on stamp duty.
1. The photos have been provided by the seller and were taken before the tenants moved in to the properties.
Auction Surveyor: Michael Mercer
Contact: michael.
EQUIVALENT TO £26,640 p.a.
EPC Rating
Flat B = C Flat C = C
Viewing Times
Brochures
Legal Documents- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
59 St Marys Road, Ilford, IG1 1QU
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Visit our security centre to find out moreDisclaimer - Property reference 248160. 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 Strettons, Strettons Auctions. 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.
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 Strettons, Strettons Auctions on 020 3840 3721.
*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.”
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