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Flat 2, Teseo House, 124 Granville Road, London, Greater London NW2 2LD

Lot no: 9 Postponed
 

Guide Price £550,000+ plus fees

Conditional with Reservation FeeOn the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.

Thursday 6th October 2022

11.30am
Key Features
  • A two double bedroom apartment
  • Located on Granville Road
  • Exceptionally well presented throughout
  • Council Tax Band: E
  • EPC Rating: C
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Postponed

Apartment

Property Description:

A two double bedroom apartment located on Granville Road.

This modern apartment is exceptionally well presented throughout and is approximately 885 sq. ft. The property has a semi open plan kitchen and living room with integrated appliances with doors opening on to the private terrace. There are two double bedrooms, with the principal bedroom having an en suite shower room. Further benefits include a family bathroom, underfloor heating, and wooden flooring throughout. The property has floor to ceiling windows throughout and further benefits include substantial storage throughout and bike storage. The development has a secure entry system and the apartment comes with an allocated parking space. This property is available on the chain free basis.

Location:

Conveniently located within 0.7 miles of Golders Green, with its vast range of shops, restaurants, cafes and Golders Green underground station (Northern Line). Vast green spaces of Hampstead Heath is only 0.6 miles away.

Note:

The buyers fee is £1,500 including VAT

Leasehold Information:

Length of lease: 999 years from 29 June 2017
Current ground rent: £275 per annum
Ground rent review period: Review 20 years from 2013 (doubles)
Current service charge: Net service charge £3,677.04 plus Gas estimate for individual flats recharged at 9% of total gas contribution (estimated at £1,080).
Service charge review period: Budget reviewed annually.

This information should be clarified in the legal pack and we’ll update the information above when we receive it.

Tenure:

Leasehold.

Ground Rent

£275

Unexpired Years

3016

Annual Service Charge

£3,677


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 (and any applicable Home Report for residential Scottish properties).

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.