Flat
An investment opportunity to acquire a 3 double bedroom flat currently generating a handsome income in excess of £27,600 per year offering a gross return in excess of 10% against the guide price.
This property comes Licensed and HMO approved for 3 individuals making it an extremely lucrative investment within an extremely sought after London postcode.
Located just a short walk from Bermondsey tube station and a multitude of local amenities, shops, restaurants and cafes this property will be very appealing for new tenants.
The property has been recently refurbished by the current owner to include a new boiler and is in good condition. Within the flat there are 3 double bedrooms, kitchen, bathroom with additional WC, as well as a balcony off bedroom 1. This flat is located on the 6th floor.
The current tenants started their ASTs Feb 1st 2025 and run for 12 months, please see legal pack for full details.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
These sales details are awaiting vendor approval.
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 under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers 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.
