Sold for £193,000

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A well presented, 2 bedroom 5th floor apartment, vacant.

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Description/Location

The property forms part of the Samuda Estate, convenient for Crossharbour (0.3 miles) on the DLR line and a short walk to Canary Wharf Station providing easy access to the City, Canary Wharf and Stratford. The property is ready for occupation, we estimate the current rental value is £1200+ pm. We refer bidders to the legal pack for information relating to proposed improvement works and development of the Samuda Estate.

Tenure

Leasehold: 125 years from 11/1988 (90 years unexpired)

Viewing

Network Auctions - 020 7871 0420

Rent

ERV: £14,400 PA

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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.