Property Details: - Type: Flat - Bedrooms: 1 - Bathrooms: 0

Agent: Auction House London - Hampstead Phone: 020 8022 1911

<b>Guide Price =</b> <b>£140,000+<br/><br/>*For Sale By Online PublicAuction 29th July 2026 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*<br/><br/>A Ground Floor Studio Flat Subject to a Periodic Tenancy Producing £14,100 Per Annum<br/><br/></b><b>Tenure</b><br/>Leasehold. The property is held on a 99 year lease from 25th March 1983 (thus approximately <b>55 years unexpired</b>).<br/><br/><b>Location</b><br/>The property is situated on a residential road close to local shops and amenities. The open spaces of Beckton Park are within easy reach. Transport links are provided by Canning Town underground station (Jubilee line) and Beckton Park rail station (DLR).<br/><br/><b>Description</b><br/>The property comprises a ground floor studio flat situated within a purpose built building arranged over ground and first floors.<br/><br/><b>Accommodation</b><br/><b>Ground Floor</b><br/>Studio Room<br/>Kitchen<br/>Bathroom<br/><br/><b>Accommodation</b><br/><b>Tenancy</b><br/>The property is subject to a Periodic Tenancy at a rent of £1,175 per calendar month.<br/><br/><b>Note</b><br/><b>Further Information</b><br/>When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.<br/><br/>