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For Sale By Auction | 12 noon, 27 October 2015 | Lot 11

Flat 1, 1 Borough Hill, Croydon, Surrey, CR0 4LP

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Sold

  • Terraced House
  • Tenure: Leasehold. The property will benefit from a new 125 year lease.

Call the team on 020 7625 9007 for more information

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Auction Date

Tue 27/10/2015

Auction Time

12 noon

Auction Venue

The Ballroom, Landmark Hotel, 222 Marylebone Road, Marylebone, London, NW1 6JQ

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A Ground Floor Self-Contained Studio Flat Subject to an Assured Shorthold Tenancy Producing £6,900 per annum

The property comprises a ground floor self-contained studio flat within a detached building arranged over ground and first floors.

Tenure

Leasehold. The property will benefit from a new 125 year lease.

Location

The property is situated on a quiet residential road in Croydon near local shops and amenities. The open spaces of both Dupas Hill and Wandle Park are both within easy reach. Transport links are provided by Waddon rail station.

Accommodation

Ground Floor Studio Room Kitchen Bathroom

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 6 months commencing on 20th September 2014 (Holding Over) at a rent of £575 per calendar month.

We understand from the vendor that this property can qualify for Croydon Council's Guaranteed Rent Scheme. This could increase total the rental income to £8,695 per annum.

Current Rent Reserved £6,900 per annum

Viewing Details

Tuesday 13th October 13:00-13:30 Friday 16th October 13:00-13:30 Monday 19th October 13:00-13:30 Friday 23rd October 13:00-13:30 Monday 26th October 13:00-13:30

Leasehold

False

Freehold

False

Part Vacant

False

Vacant

False

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.