A Well Located First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £14,400 Per Annum

The property comprises a first floor studio flat situated within a purpose built block arranged over ground and nine upper floors. The block benefits from a lift and concierge.

Tenure

Leasehold. The property is held on a 57 year lease from 24th June 1975 (thus approximately 9 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.

Location

The property is situated in the highly sought after area of Marylebone close to local shops and amenities. The open spaces of Hyde Park and Marble Arch are within easy reach. The property is equidistant to both Edgware Road underground station (Circle, District, Hammersmith & City and Bakerloo lines) and Marble Arch underground station (Central Line)

Accommodation

First Floor Studio Room Kitchen Bathroom

Exterior

The property benefits from two lifts and a concierge.

Tenancy

The property is subject to an Assured Shorthold Tenancy expiring August 2022 at a rent of £1,200 per calendar month.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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.