GUIDE PRICE £245,000 - £260,000

ERV: £24,000 pa +

633 Petticoat Square

City of London, London, E1 7ED

Lot 28

Apartment - Flats / Apartments
Prime location - a top floor studio apartment (333 sq ft, source EPC) forming part of a purpose built block adjacent to Aldgate Tube and the financial district. Ideal rental investment, vacant.

Description/Location

A fine City apartment with spectacular views from its private balcony. We estimate the current rental value is circa £2000 pm on AST terms with higher returns from short term / Airbnb type lets. Aldgate Tube 0.1 miles, Aldgate East 0.2 miles, Liverpool Street 0.3 miles.

Tenure

Leasehold: 125 years from 02/02/1987 (88 years unexpired)
Energy Rating: D
Council Tax: B
Service charge: 2022/2023 £1686.44 pa. Ground rent £10 pa.

Viewing

Network Auctions - 020 7871 0420

Accommodation

Sixth Floor: Communal entrance at ground level with entryphone and lift to all floors. Front door to entrance hall with storage and bathroom, studio room with doors to the balcony and fine views, kitchen.

Rent

ERV: £24,000 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.