Vendor: Executors

A freehold property arranged as 2 x 1-bedroom flats, both let on ASTs producing a combined £6240 pa.

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Description/Location

Potential to increase rents in line with market rates, we estimate £600 pm per flat.

Tenure

Freeehold

Office Contact

Network Auctions - 020 7871 0420

Accommodation

Ground Floor: 705a. 588 sq ft. Energy Rating E. Entrance hall, living room, bedroom, kitchen, bathroom.
First Floor: 705b. 503 sq ft + attic room. Energy Rating F. Landing with stairs to attic room, living room, bedroom, kitchen, bathroom.
Outside: Gardens.

Rent

Current Rent: £6240 pa
ERV: £14,400 pa

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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 £2,100 (inc. VAT) unless otherwise stated in the addendum (£600 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.