3 Pixley Street, Limehouse, London, E14 7DF

Sold after auction for an undisclosed amount

Thu Feb 20 2025

12:00pm

BY ORDER OF C KORNBLUTH & I WAIGHT AS FIXED CHARGE RECEIVERS

Property Description

Comprising a self-contained, ground/first floor maisonette in a mainly residential area just off the A1205 Burdett Road, close to Limehouse Cut, Brickfield Gardens, about ½ mile from Limehouse station and a mile from Canary Wharf.

Leasehold - 99 years from 21.03.2002 (about 76 years unexpired) at a current ground rent of £150 p.a.

Ground & First Floor Maisonette: Arranged as 4 bedrooms, kitchen, bathroom/toilet
GIA 870 sq ft (80.8 sq m) - Based on Floor Plan

Room A: Let on a 5 month AST from 21.04.2023 (holding over) at £1,080 pcm.
Room B: Let on a Flat Share Agreement for 3 months from 17.01.2024 (holding over) at £750 pcm.
Room C: Let on a Flat Share Agreement for 4 months from 3.01.2025 at £650 pcm.
Room D: Let on a Flat Share Agreement for 9 months from 8.01.2024 (holding over) at £1,100 pcm.

PRODUCING EQUIVALENT TO £42,960 p.a. (SEE NOTE 1)

1. We understand that the Landlord pays Council Tax and a contribution of £75 for gas and £75 for electric per month with the excess utility bills to be shared amongst the tenants.
2. The seller is prepared to serve a Section 42 Notice for a lease extension after exchange (at the buyer’s cost) and assign the benefit to the buyer (refer to legal pack).
3. An HMO Licence was granted by London Borough of Tower Hamlets for 3 years from 19.11.2022.

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Saturday 08th February at 13:30pm - 14:00pm
Thursday 13th February at 12:15pm - 12:45pm
Wednesday 19th February at 12:15pm - 12:45pm

1. In light of the recent changes to legislation meaning that leaseholders will no longer have to have been the registered owner for 2 years before exercising their rights to extend the lease, reference to Note 2 in the particulars (referring to a Section 42 Notice) is to be disregarded.
2. The property is within a Conservation Area.
3. A Section 146 Notice has been served by the Freeholder seeking forfeiture due to reasons relating to the current use of the property. A copy of the Notice has been made available within the legal pack.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.