DESCRIPTION:
5th Floor One Bedroom Apartment. Excellent Location. Currently Rented on AST at £1,100 per month / £13,200 per year, circa 11% Gross Yield. Ideal for Investors or Owner Occupiers.
ACCOMMODATION:
Entrance Hall, Kitchen / Reception Room, Bedroom, Bathroom.
5th Floor.
LOCATION:
Barking is a town in East London, England, within the London Borough of Barking and Dagenham. It is 9.3 miles east of Charing Cross. Barking was a huge Manor (landholding), first mentioned in a charter in 735 AD (though the Abbey is believed to have been founded in 666 AD). The Manor covered the areas now known as Barking, Dagenham and Ilford. The Manor was held by the Nunnery of Barking.
TENURE:
Leasehold.
UNCONDITIONAL LOT:
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).
