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Withdrawn | Lot 48

Flat 5, 109 Peckham Road, Peckham, London, SE15 5LE

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Withdrawn

  • Apartment
  • 2 Bedrooms
  • Tenure: Leasehold. The property is held on a 125 year lease from 1st January 2002 (thus approximately 110 years unexpired).

Call the team on 020 7625 9007 for more information

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Auction Date

Tue 31/10/2017

Auction Time

12:00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

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A Two Bedroom Second Floor Flat Subject to an Assured Shorthold Tenancy

The property comprises a second floor two bedroom flat within a purpose built block arranged over ground and three upper floors.

Tenure

Leasehold. The property is held on a 125 year lease from 1st January 2002 (thus approximately 110 years unexpired).

Location

The property is situated in the heart of Peckham close to local shops and amenities. The open spaces of Summer Road Park and Central Venture Park are within easy reach. Transport links are provided by Peckham Rye rail station.

Accommodation

Second Floor Reception/Open Plan Kitchen Two Bedrooms Bathroom with WC and wash basin

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 6 months commencing May 2017 at a rent of £750 per calendar month, producing £9,000 per annum.

The LHA rates for a 2 bedroom property in this postcode is £265.29 per week per week. Thus potential income of £13,795.08 per annum (source: https://lha-direct.voa.gov.uk).

Lot Type

Residential

Viewing Details

Please register your interest by requesting the legal pack. Saturday 21st October 13:30 - 14:00 Tuesday 24th October 13:30 - 14:00 Thursday 26th October 13:30 - 14:00 Saturday 28th October 13:30 - 14:00

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.

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Price Information

*Guides 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. Each 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.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.