LOT 20B FOR SALE BY ONLINE AUCTION on 11th February 2025

In Same Ownership for Approximately 48 Years

Freehold Investment Arranged as Three Self-Contained Flats and Ground Rent Income

Situated on Clarence Road, close to local shopping/travelling facilites including Hackney Central and Hackney Downs Train Stations. Hackney Downs Park is also nearby.

Three Terraced Buildings comprising Three Self-Contained Investment Flats and Nine Flats Sold off on Leases producing Ground Rents arranged as follows:

112 Clarence Road

Flat 3 - Sold off on a lease term of 125 years from 25th March 2009 (thus having approximately 109 years unexpired) at a ground rent of £250 per annum.

Flat 2 - Sold off on a lease term of 125 years from 25th March 2000 (thus having approximately 100 years unexpired) at a ground rent of £100 per annum.

Flat 1- Sold off on a lease term of 125 years from 25th March 2000 (thus having approximately 100 years unexpired) at a ground rent of £100 per annum.

Self-Contained Basement Flat Let on an Assured Shorthold Tenancy expiring on the 12th March 2025 at £13,020 per annum.

EPC Rating: C

Council Tax Band: B

114 Clarence Road

Ground Floor Flat - Sold off on a lease term of 125 years from 25th March 2000 (thus having approximately 100 years unexpired) at a ground rent of £100 per annum.

Self-Contained Basement Flat (Accessed via 1 Tilia Road) - Let on an Assured Shorthold Tenancy expiring on the 30th April 2025 at £12,000 per annum.

EPC Rating: C

Council Tax Band: C

116 Clarence Road

Flat E - Sold off on a lease term of 125 years from 25th March 2000 (thus having approximately 100 years unexpired) at a ground rent of £100 per annum.

Flat D - Sold off on a lease term of 125 years from 25th March 2000 (thus having approximately 100 years unexpired) at a ground rent of £100 per annum.

Flat C - Sold off on a lease term of 125 years from 25th March 2000 (thus having approximately 100 years unexpired) at a ground rent of £100 per annum.

Flat B - Sold off on a lease term of 125 years from 25th March 2000 (thus having approximately 100 years unexpired) at a ground rent of £100 per annum.

Flat A - Sold off on a lease term of 125 years from 25th March 2000 (thus having approximately 100 years unexpired) at a ground rent of £100 per annum.

Self-Contained Basement Flat (Accessed via 1 Tilia Road) - Let on an Assured Shorthold Tenancy expiring on the 18th September 2025 at £16,799.64 per annum.

EPC Rating: C

Council Tax Band: C

Producing a Total of £42,869.64 per annum derived from Three Tenanted Self-Contained Flats and Nine Flats Sold off on Leases generating Ground Rent Income.

In accordance with Section 5(B) of the Landlord and Tenant Act 1987 notices have been served on the lessees. The lessees have not reserved their rights of first refusal.

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.