Map1 bedroom apartment for sale
Key information
Features and description
- Tenure: Leasehold
- For sale by online auction
- 6 weeks’ completion
- Apartment
- Top floor
- 1 bedroom
- Long lease term
- Suitable for investment
A vacant, long lease, top floor flat situated close to local shops with good transport links via Kennington (Northern) and Elephant & Castle (Northern & Bakerloo) underground stations, providing a direct connection to London Bridge. An ideal letting investment with an estimated rental value of £1,500 pcm, producing a gross yield of 9% per annum, based on the guide price.
Rooms
Auction
To be sold by online auction (unconditional) on Thursday 30th January 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with vacant possession
Lease
215 years from 25 December 1985 - 176 years remaining
Ground rent and service charge
Please see legal pack for further details.
EPC rating
D
Council tax band
TBC
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise bidders who require a mortgage to confirm with their Financial Advisor as to the suitability of securing finance against this property prior to bidding.
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