Maisonette
A vacant two bedroom first floor maisonette in a very popular residential location with great potential to generate a rental income in excess of £18,000 per year.
The property has two bedrooms, lounge, bathroom and separate kitchen as well as a garden and garage for storage. The property is extremely well suited as a buy to let for an investor looking to build or add to their property portfolio. The Maisonette also come with a long lease in excess of 900 years.
The property is located within easy access of bus routes providing services into Woolwich Arsenal for over ground connections into London Bridge, Cannon Street and Charing Cross, or the DLR into the Docklands or City Airport. Heathrow is a mere 25 mins away via the Jubilee line.
Lounge, Kitchen, Bathroom, Two Bedrooms.
Garden, Garage for storage.
999 years from 25 December 1957. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
These sales details are awaiting vendor approval.
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.
