Greenstead Avenue, Woodford Green, IG8

Nationwide Residential & Commercial are favoured with instructions to sell this House in Multiple Occupation (HMO) with 9 rooms in Woodford Green - For Sale Freehold

Location
The premises are situated within a quite residential area at the junction with Langford Road. 

Both the M11 Motorway and the A406 North Circular Road s well as Woodford Central Line station are within easy reach.

Accommodation
Comprising an end terraced house with 9 Licensed rooms, a fully fitted communal kitchen and a rear garden. There is potential for off street parking to the front for 3 cars.

Each room is fully furnished and has its own shower cubicle and sink. The premises are electric only and each room is separately metered.  The landlord pays the water bill, council tax and electric for the hallway and kitchen.

There is a shared w/c on each floor and a utility area with a washing machine for the tenants use.

Approximate floor areas are as follows:
Room A  10.66 sq m
Room B  14.85 sq m
Room C    7.48 sq m
Room D    9.24 sq m
Room E  11.10 sq m
Room F    8.08 sq m
Room G  12.11 sq m
Room H  10.69 sq m
Room J   10.17 sq m

Rental Income 
Currently all of the rooms are let and producing a total income of £58,128 per annum.

Tenure
Freehold.

Guide Price
£925,000, subject to contract.

Council Tax
Listed as band D with Redbridge Council at £2,089.87 payable for 2024/2025.

Legal Costs
Each party to pay their own.  However, the landlord will require an undertaking for their abortive costs in the event that the proposed tenant withdraws from the transaction once the process has started.

Viewing
Strictly by prior arrangement via the landlords agent Nationwide Residential & Commercial on 020 3096 1496. - Please note, that proof of funds must be shown to the agent before a viewing can be arranged.