•Auction Date: 16th & 17th December 2019
•Block of Two Apartments
•Guide Price: £385,000+
•Annual Income £23,700
The property is situated on Havant Road at its junction with Shernhall Street in Walthamstow, E17. The immediate vicinity hosts a good selection of local amenities including a wide range of local and national retailers with recreational pursuits to include Epping Forest.
This former single storey retail unit has recently been remodelled to provide accommodation over three levels. The ground floor comprises a self contained studio flat that with an open plan living room and kitchen along with a separate shower room. The first floor comprises a good sized one bedroom flat situated over the first and second floors of the building. Both units have the advantage of their own separate entrances.
Studio Flat: 26 Sq. M (280 Sq. Ft)
First Floor Flat: 59 Sq. M (635 Sq. Ft)
(Taken From EPC)
The Studio is currently let at £775 pcm (£9,300 pa), the tenancy is for six months starting from 02/11/19. The first-floor apartment is currently let at £1,200 pcm (14,400 pa). The tenancy is for one year starting from 26/06/19. At the guide price of £385,000 this represents a gross yield of 6.16%.
We understand the property to have mains gas, electricity, water and drainage. Interested parties should make their own enquiries.
Each flat is rated in Council Tax Band B. Council tax payable (2019/2020) is £1,327.
A buyers premium of 2% (min. £3,600) inc. VAT is applicable when purchasing this property.
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