Flat
A leasehold ground floor flat with a 50% share in the freehold company. Situated within easy reach of local amenities and well placed for access to public transport links to the city of London.
Originally a semi-detached house converted into two flats at ground and first floor level, currently let at £11,030 per annum rising annually by the Retail Price Index +2%.
Vestibule, living room, breakfast kitchen, two bedrooms, bathroom.
There is a small communal hard landscaped area to the front with a larger enclosed garden at the rear which belongs exclusively to the ground floor flat
Leasehold/Freehold The leasehold interest in the flat is to 13/11/2112 i.e., 90 years unexpired in addition to this the property is being sold with the benefit of a 50% share in the freehold. Current ground rent: TBC. Ground rent review period: TBC. Current service charge: TBC. Service charge review period: TBC. This information should be clarified in the legal pack and we’ll update the information above when we receive it.
The property is let under an Occupancy Agreement (commenced 17/04/1995) at a contractual rent of £212.12 per week. The Agreement allows for annual increases on 1st April in line with the Retail Prices Index (RPI) plus 2%. Prospective buyers are advised to see the legal pack for verification and to make all necessary independent enquiries prior to placing their bid as this will be binding.
The Auctioneers have not inspected the property and the details have been provided by the seller. Room measurements will therefore not be provided. Interested parties should rely on their own investigations to verify the information provided.
There will be no internal viewings and interested parties are requested not to contact the occupants direct.
Leasehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
