Flat
A two bedroom basement flat with a large open plan kitchen/reception room, two bedrooms, bathroom and patio. The accommodation benefits from high end fittings and granite surfaces, with 18mm solid wood flooring throughout.
The property would make an ideal investment purchase and is currently let producing an income of £1,958 pcm (£23,496 per annum). There is potential for rental increase in line with current market values.
The property is sold subject to tenancy however the tenant is due to move out of the property prior to completion. The buyer will purchase the property as it stands at the time of completion whether this is subject to tenancy or vacant. We have been informed by the vendor they currently have a rental offer of £2,145 per month.
Ideally placed within easy walking distance of the Thames Path which leads to the green space of Bishops Park. The closest underground stations are Barons Court and Hammersmith Broadway (Piccadilly, District, Hammersmith and City Lines, Zone 2). There is also a selection of bus routes linking the property to major locations.
8.56 x 5.05m (28ft 1 x 16ft 7)
3.93 x 3.13m (12ft 11 x 10ft 3)
2.97 x 2.95m (9ft 9 x 9ft 8)
Patio 4.91 x 2.48m (16ft 1 x 8ft 2)
Length of lease: 125 years from 25 March 1999. 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.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Leasehold. Subject to tenancy.
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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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s 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 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.
