Under Lease, 38-40 High Road, Romford, Essex, RM6 6PR

Under lease to the head leasehold investment in Romford

Guide price*


Plus fees

Withdrawn Prior

Lot 121 Garages & Ground Rents
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Auction details:

Wednesday 9th December 2020 @ 09:00AM

An Under Lease To The Head Leasehold Investment

Property Description

An under lease to the head leasehold investment upon four flats producing a gross income of £3,200 per annum (net income, £2,950 per annum).


Under Lease to the Head Leasehold. The Property is held on a 125 year lease from 1st January 2013 (Thus approximately 120 years unexpired) at a ground rent of £250 per annum.

Auctioneers Note

Please note offers may be considered prior to the Auction Sale.


Room Term Rental
Flat 1 125 Years (Less 3 days) From 1st January £800 PA
Flat 2 125 Years (Less 3 days) From 1st January £800 PA
Flat 3 125 Years (Less 3 days) From 1st January £800 PA
Flat 4 125 Years (Less 3 days) From 1st January £800 PA

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.


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All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.


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Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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