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Unit 7, 5 Eastfields Avenue, London SW18 1FU

Lot no: 97 Re-entry to a future auction
 

Guide Price £230,000+ plus fees

Unconditional with Variable 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.

Thursday 26th January 2023

10.00am
Key Features
  • Prime Location
  • 820 sq ft GIA office
  • 10 minutes walk from underground
  • EPC Rating - C
  • D1 and D2 use
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Re-entry to a future auction

Office

Property Description:

A vacant office located within Wansworth Riverside Quarter which is accessed via Putney Bridge. The development comprises 500 New homes and is 10 minutes walk from Wansworth Town Rail Station and East Putney Underground Station. The office has been recently fitted out to a high standard. The property benefits from DQ and D2 use classification giving the possibility for Assembly and Leisure Leisure use such as Gymnasium.

The accommodation comprises 820 square feet gross internal area. off office space configured as four rooms (three with wash Basins), Utility Room, Kitchen, and WC.

999-year lease, £450 per annum, ground rent.

We have been advised the lease gives permission for the use as therapy and Pilates as well as traditional office activities.

We understand VAT is not payable.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Leasehold Information

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

Tenure:

Leasehold. Vacant possession upon completion.




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 Variable 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 fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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.