Ground Rents at Garway Court, 1 Matilda Gardens, London, Tower Hamlets, E3 2GR
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- SIZE
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- SECTOR
Commercial property for sale
Key features
- Residential Ground Rent Investment
- Freehold
- Comprising 26x Ground Rents
Description
For Sale by Public Online Auction on 16/04/2025 13:00
Location
The property is located in Bow, a district in the London Borough of Tower Hamlets, approximately 5 miles (8 kilometres) from Central London. The location benefits from close proximity to the A12, which provides direct access to the North Circular to the north and the Blackwall Tunnel to the south, and the A11, which provides direct access to Central London via Aldgate to the south west. The properties are served by Bow Road Underground Station, located 0.4 miles (0.65 kilometres) to the north, which provides District and Hammersmith & City underground services. London City Airport is also conveniently located approximately 4 miles (6.5 kilometres) to the south east, providing both national and international flights.
The properties are situated within a predominantly residential area, with ancillary commercial primarily to support for the residential community.
Description
The property comprises a 6 storey block of 26 purpose-built residential flats, with part concrete and brick elevation.
The opportunity comprises the sale of the ground rents on 41x residential flats which are held under the terms of a lease for a term of 130 years from 24 June 2004 at a rent of £4,975 per annum.
17x flats produce £200.00 per annum and 9x flats at £175.00 per annum.
Tenure
Freehold under Title Number EGL468400.
No EPC required
Refer to the legal documentation
For further information please go to
Brochures
Ground Rents at Garway Court, 1 Matilda Gardens, London, Tower Hamlets, E3 2GR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bow Road Station0.2 miles
- Bow Church Station0.3 miles
- Mile End Station0.5 miles
Notes
Disclaimer - Property reference 283399. 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 Lambert Smith Hampton, 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 Lambert Smith Hampton, Auctions on 020 3834 8766.
*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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