Studio

Interested parties should contact Knight Frank Auctions for further information.

Description
This 287 sq ft studio flat provides a main room with high ceilings, a bathroom with mirrored cabinets, and a kitchenette. Whilst the property is being offered with vacant possession it was previously let for £1,300 pcm (£15,600 pa). New double glazing is in the process of being installed and the associated costs have been paid.
The flat is situated on the first floor of an attractive portered red-brick Edwardian mansion building. The property is located at the quiet end of Hallam St where there is no through traffic on the edge of Fitzrovia and Marylebone.
105 Hallam St is conveniently within close proximity to the world-renowned Marylebone High Street, Oxford Street, Regent's Street and Charlotte Street, all offering an extensive variety of Cafs, Restaurants and Boutiques. Residents also benefit from beautiful green space and a lake within walking distance at Regents Park.

Leasehold - unexpired lease of 90 years.

Viewing - Bespoke viewing times are available upon request, please [use Contact Agent Button]

Location
The transport links are excellent from Great Portland Street (approximately 0.1 miles), Regent's Park (approximately 0.2 miles) and Warren Street (approximately 0.3 miles) underground stations, as well as Euston (approximately 0.6 miles) train station and the A40 for access to Heathrow.
There is also a myriad of shopping facilities with Marylebone High Street and Oxford Circus located within walking distance from the property.

Occupancy
Vacant

Tenure
Leasehold

Leasehold Information
Lease Expires 24 June 2113 (thus having approx..90 year unexpired) at a peppercorn ground rent. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Buyers Fee
The buyers fee is £1,500 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Special ConditionsProspective buyers are referred to the leasehold information and in particular the reference to the S20 works and anticipated increase in service charge and are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of 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 contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to 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.

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.