Apartment
A two bedroom apartment with a sunny west facing roof terrace in a Share of Freehold building providing a great opportunity for an investment buyer or an owner occupier looking to buy in an extremely popular part of Chelsea.
With rents increasing, this property should appeal to all buyers and could command a yearly rental income in excess of £30k per year.
This well appointed apartment is in excellent condition and offers a great open plan living/dining/kitchen area of 18ft 1 x 17ft 2 to go along with 2 bedrooms, bathroom, additional mezzanine and terrace.
Finborough Road is located at the Western End of Chelsea within shooting distance of whats known as, The Beach, on Fulham Road with its trendy bars and restaurants. Earls Court tube is only a short walk away.
The purchase of this apartment includes a purchase of a 25% share of the freehold. Please refer to the legal pack for further information. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
125 years from 25 December 1982. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Construction Material: Standard brick. Heating: Boiler, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.
These sales details are awaiting vendor approval.
Share of Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction 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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 (and any applicable Home Report for residential Scottish properties).
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.
