A Mid Terrace House Arranged as a Ground Floor Two Bedroom Garden Flat Subject to an Assured Shorthold Tenancy Producing £19,800 per annum and a First Floor Flat Sold Off on a Long Lease at a Peppercorn Ground Rent.
The property comprises a mid terrace house arranged over ground and first floors converted to provide two self-contained flats comprising a ground floor two bedroom garden flat and a first floor two bedroom flat (sold off).
Tenure
Freehold
By Order of the LPA Receivers
Location
The property is situated on a residential road in the South West London area of Balham close to local shops, amenities and schools. The open spaces of Clapham Common are within easy reach. Transport links are provided by both Balham underground (Northern line) and Balham rail stations.
Accommodation
Ground Floor Hallway Reception Room Kitchen Two Bedrooms Bathroom First Floor Two Bed Flat (Sold off on a 125 year Lease from 29 September 1989)
Exterior
The property benefits from a rear garden.
Tenancy
We understand the property is subject to a Tenancy at a rent of £1,650 per calendar month. Details will be provided in the legal pack.
Neither Auction House London nor the Receivers have internally inspected the property, but understand from reports that the property provides: 2 x Two Bedroom Flats
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.