Samson are pleased to present the sale of the freehold of a 2 storey block of 8 flats producing £2000 per annum ground rent.
Situated to the rear of the Town Centre, providing excellent connection to the local amenities . A short walk to Walthamstow Central tube station(Victoria Line) and Overground station: Only 18 minutes to London, Liverpool Street and 23 minutes o London Victoria*.
The site currently houses 8 flats all sold on long leases(varying between 80-83 years remaining), producing £2,000 per annum ground rent.
Planning Permission approved with the London Borough of Waltham Forest to add 5 flats(3 x one bedroom, 1 x two bedroom and 1 x three bedroom flats) on the lower ground floor and 2nd floor of the existing residential block. Associated landscaping is also to be carried out to the communal area. Gross internal area of the proposed scheme amounts to 3275 sqft.
Terms and Price:
Unconditional offers sought for £700,000. We understand the property is not elected for VAT. The freehold is held under a SPV company which is available to purchase as a transaction method.
Strictly via Samson Estate Agents.
Raza Khan on 02082211522 or firstname.lastname@example.org
*Times obtained from www.google.co.uk
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