Lot 58

FREEHOLD INVESTMENT

25 Princes Road, Barkingside, Ilford, Essex, IG6 1NG
25 Princes Road, Barkingside, Ilford, Essex, IG6 1NG
Sold £335,000

On the instructions from the Mortgagees not in possession

Currently let at £12,955.28 per annum

No. 25 Princes Road occupies a triangular-shaped site on the corner of Princes Road and Duke Road within a short distance to local shops and amenities and Barkingside Underground (Central Line) Tube Station. It has a single storey extension at the rear and is in a popular area.

Ground Floor

Entrance hall, living room and open-plan into the extended dining room, kitchen and bathroom.

First Floor

Three bedrooms.

Outside

Front and rear gardens. There is a single garage to the side of the house with a further space available for parking either immediately in front of the garage or within the gravelled drive from the access into the main garden area.

Occupancy Agreement

The property is let under an Occupancy Agreement (which commenced on 19th July 1993) at a current contractual rental of £249.14 per week, equivalent to £12,955.28 per annum. The Agreement allows for annual increases in line with the Retail Prices Index (RPI) plus 2%.

Auctioneer's Note

The property has not been inspected by the Auctioneers.

The details and library photographs have been provided by the seller and interested applicants should rely on their own investigations to verify the information provided.

Viewings

There will be no internal viewings and interested applicants are requested not to contact the occupants direct.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/