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For Sale By Auction | 12 noon, 26 February 2015 | Lot 22

Flat 10 Standlake Point, Windrush Lane, Forest Hill, London, SE23 2XB

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Sold

  • Flat
  • 2 Bedrooms
  • Tenure: Leasehold. The property is held on a 125 year lease from 19th March 1990 (thus approximately 100 years unexpired).

Call the team on 020 7625 9007 for more information

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Auction Date

Thu 26/02/2015

Auction Time

12 noon

Auction Venue

Everyman Cinema, Belsize Park, 203 Haverstock Hill, London NW3 4QG (opp. Belsize Park underground station)

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A Vacant Two Bedroom Third Floor Flat

The property comprises a third floor two bedroom flat situated within a purpose built block arranged over ground and ten upper floors. The property requires refurbishment.

Tenure

Leasehold. The property is held on a 125 year lease from 19th March 1990 (thus approximately 100 years unexpired).

By Order of the Mortgagees in Possession

Location

The property is situated in the South East London area of Forest Hill close to local shops and amenities. The open spaces of Mayow Park are easily accessible. Transport links are provided by Forest Hill rail station.

Accommodation

Third Floor Reception Room Two Bedrooms Kitchen Bathroom with WC & wash basin

Exterior

The property benefits from communal parking and a balcony.

The LHA rates for a 2 bedroom flat in this postcode is £240 per week. Thus potential income of £12,480 per annum (source: https://lha-direct.voa.gov.uk/)

Viewing Details

Thursday 12th February 11:00-11:30 Monday 16th February 14:30-15:00 Thursday 19th February 11:00-11:30 Monday 23rd February 14:30-15:00

Addendum

Please note that this property is subject to a Buyers Premium of £750 + VAT. This is in addition to the buyer's admin fee of £450 + VAT charged by the auctioneers.

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.