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Flat 13, Melbreak House, East Dulwich Estate, London SE22 8AL

Lot no: 65 Withdrawn Post for £250,000
 

Guide Price £230,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Tuesday 20th December 2022

10.00am
Key Features
  • A superbly presented One Double Bedroom Apartment
  • Convinient for Commuting to central london with easy access to Denmark Hill and East Dulwich stations
  • Sought after building in a quiet residential location
  • Sold with Tenants in Situ
  • EPC Rating: D
  • Council Tax Band: A
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Withdrawn Post for £250,000
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Flat

Property Description:

Flat 13 Melbreak House is a super investment opportunity for any investor, it is set in a quiet residential location and is within a short walk to more than one tube station.

Surrounded by a wide range of amenities and recreational facilities its ideally placed for a good quality tenant.

Other similar apartments are now generating incomes in the region of £18,000 per year which based on the guide price is close to an 8% gross yield.

The apartment itself is in good order, it has a generously sized lounge, double bedroom, bathroom and separate breakfast kitchen.

The property is being sold with reliable tenants in place who are keen to stay on, currently paying £1,300. There is a 6-month break clause in the lease.

Registering to bid comes highly recommended.

Accommodation:
Lounge

3.95m x 3.89m (13ft x 12.9ft)

Breakfast Kitchen

4.61m x 2.75m (11ft 10 x 9ft)

Double Bedroom

3.95m x 3.2m (13ft x 10ft 6)

Bathroom
Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Tenure:

Leasehold. Subject to tenancy.

Ground Rent

£10

Unexpired Years

106

Annual Service Charge

£924


Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


Auction Deposit and Fees

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

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