A 2 bedroom second floor flat with a new 125 lease. Let producing £9540 p.a.

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Description/Location

Residential investment comprising a 2 bedroom flat let on an Assured Shorthold Tenancy from 21/10/2023 for a term of 6 months. Rent £795 p.c.m. Total Floor area 614 sq/ft (source EPC).

Tenure

Leasehold - 125 year lease from 1st October 2023. Peppercorn ground rent
Council Tax A
EPC Rating D

Viewing

Network Auctions - 020 7871 0420

Accommodation

Living room/kitchen, 2 bedrooms, bathroom

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Legal documents

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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.