Freehold Property Arranged as 9 x Studio Flats - Producing £94,400 pa

An unusual opportunity to acquire this end of terrace freehold property, which has been converted into 9 x studio flats. The building is currently let to the Causeway Irish Housing Association. *The Auctioneers have not been able to inspect the property internally - and therefore are unable to confirm the condition or layout of 29 Truro Road* Situation The property is located in the Wood Green area of North London, and is close to local shops and amenities. Wood Green underground station is just over half a mile from the proeprty. Location Pin (What3Words): flies.rating.jumps https://w3w.co/flies.rating.jumps NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Rent The 9 flats are let to the Causeway Irish Housing Association on a 4 year lease, expiring on the 30th April 2025, at a current rent of £94,404.96 per annum. Tenure Freehold

Lot Type

Freehold Residential Investment

Accommodation

Flat 1 - 18 sq.m. Flat 2 - 14 sq.m. Flat 3 - 16 sq.m. Flat 4 -20 sq.m. Flat 5 - 14 sq.m. Flat 6 - 19 sq.m. Flat 7 - 20 sq.m. Flat 8 - 21 sq.m. Flat 9 - 17 sq.m. Total Floor Area - 159 sq.m. Council Tax - Band A EPC Rating Flats 1, 2, 5, 8 & 9 - D Flats 3, 4, 7 - C Flat 6 - TBC

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.