18 Batty Street, London, E1 1RH

Lot Image

Auction sale - Monday 13th July 2015

Result:

Sold for £965,000.

  • Freehold residential investment
  • East London - E1
  • Mid terrace 8 bedroom property
  • Asset management opportunities to enhance rental income

Addendum

18 Batty Street, London E1 1RH
The o/s map in the catalogue is incorrect, please refer to the legal pack.
VAT is not payable on this property. It is believed the measurements are as follows (supplied by vendor):
Sq m Sq ft
Ground 41.7 448
First 42.7 459
Second 46.6 501
Third 46.6 501
TOTAL 177.6 1,909

Viewings

3pm Friday 3rd July

Details

Location

The property is located on the western side of Batty Street in Aldgate and lies just to the south of Commercial Road (A13), which links the City of London in the west with Basildon to the east. The local area is characterised by period terrace and modern housing, together with post war flats and some smaller independent retailers. The City of London is approximately a 10 minute walk away and Aldgate East Underground Station (District Line and Hammersmith & City Line) is half a mile to the west.

Description

The property comprises a mid-terrace four storey building of traditional brick construction beneath a flat roof. The building has a small yard to the rear and has UPVC windows throughout. The property is decorated in a modern style and benefits from 8 bedrooms, lounge, kitchen, bathroom and 2 shower rooms.

Tenure

Freehold.

Planning Authority

Tower Hamlets Council (020 7364 5000) www.towerhamlets.gov.uk.

Planning & Development

An application for an HMO licence has recently been submitted to the Borough of Tower Hamlets Council.

VAT

We are not aware of any VAT liability.

Energy Performance Certificate

For EPC Rating please see website.

Address Accommodation Tenant Lease Terms Rent £ pa
TOTAL £36,000
18 Batty Street 8 bedrooms, lounge, kitchen, bathroom, 2 x shower rooms, small yard Individuals (1) AST £36,000
(1) We believe that the property is currently under rented.
(2) The AST has now expired and is currently on a rolling periodic tenancy.

Contact

Seller's solicitor

Gandecha & Pau Solicitors

(Ajay Pau)

0208 905 0900

a.pau@gaplaw.com

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

Contact us now

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Tel: +44 (0) 207 198 2000
Email: auctions@lsh.co.uk

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Email: onlineauctions@lsh.co.uk

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