Withdrawn prior to auction

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A large 3 bedroom ground floor flat (1140 sq ft, source EPC) with private garden, let producing £5700 pa.

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Description/Location

The flat provides very spacious accommodation with 3 double bedrooms. The layout could easily be reconfigured to provide 4 bedrooms for increased rental yield. Currently under-let producing £475 pcm. The LHA rate is £575 pcm / £6900 and we estimate the current market rent is £650 pcm / £7800 pa.

Tenure

Leasehold: 125 years from 09/07/2004

Office Contact

Network Auctions - 020 7871 0420

Accommodation

Ground Floor: Entrance hall, sitting room, kitchen, 3 double bedrooms, bathroom. Outside: Private rear garden.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.