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Studio, in Air Space Above 1-12 Monkwood Close, £125,000
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0 bed property

Air Space Above 1-12 Monkwood Close, Romford, Havering RM1
Auction Planning
£125,000

Our Summary

  • * For sale by public auction on 28th July at 12:00 * Location & Description The property is an air space development with parking which comes with approved planning permission to construct a fourth floor, allowing for the creation of four modern (3x 1 bedroom & 1x studio) apartments with the expected GDV being circa £900,000 & the expected rent circa £73,000 p
  • Note Auction Surveyor: Stuart Mackay Contact:[use Contact Agent Button] /[use Contact Agent Button] [use Contact Agent Button] PLANNING Prior Approval by The London Borough of Havering for additional storey to a block of flats to create 4 additional flats (Ref: J0026

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Description

The property is an air space development with a parking area, located in Romford, Essex, approximately one mile from Romford station. The development has approved planning permission to add a fourth floor, resulting in four modern apartments: three one-bedroom units and one studio unit. The property is situated in a well-connected area, with the A12, A127, and Romford station offering excellent links to London.

The building is held on a 999-year lease from 12th August 2021, leaving approximately 994 years remaining.