** UNSOLD, PLEASE REFER TO AUCTIONEER **
A FREEHOLD FOUR BEDROOM DETACHED HOUSE WITH SEPARATE SELF CONTAINED YARD MEASURING APPROXIMATELY 0.4 OF AN ACRE CONSIDERED IDEAL FOR INVESTMENT OR OWNER OCCUPIER
Situated just outside of the Romford town centre with access links to London and other routes via the A12, A13, A127 and M25 roads is this four bedroom detached house and self contained yard to the rear measuring approximately 0.4 of an acre. The house is currently let and achieving an income of £15,900 per annum. The yard is being used by local car dealers for the storage of several vehicles.
All Planning enquiries should be directed to the London Borough Of Havering Council on 01708 434343
House - E
There are currently three tenants occupying the yard. The combined income of the yard is currently £18,000 per annum. The house is let and producing £15,900 per annum meaning the Lot currently offers a combined income of £33,900.We have been informed that one of the tenants would like to occupy the whole yard solely for a rent of £28,000 per annum offering a potential total income of £43,900 per annum
The property has been in the ownership of the same family for over 40 years and the sellers are now looking at moving on to retirement plans
The tenants of the house have been in residence for over four years
By appointment with the Auctioneers
Please contact us for more information
Tel: 01702 311010
* Important information about guide prices and reserve prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that provisional reserves range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition below). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price: the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.