Investment Opportunity
A leasehold apartment situated within a well-established residential area of London, offered for sale with tenants in situ, making it an ideal ready-made investment opportunity.
The accommodation comprises a reception room, fitted kitchen, one bedroom, and a bathroom, providing practical and well-proportioned living space.
The seller has advised that the property is currently let at £800 per calendar month, producing an annual rental income of £9,600.
Further lease and tenancy details will be available within the legal pack. This property presents an excellent opportunity for investors seeking an income-producing asset in a strong and consistently in-demand London rental market.
Key Information
• Tenure: Leasehold
• Potential Rental Income: In excess of £9,600 per annum
• Completion period: 21 days
Internal viewings are available strictly by appointment.
Auction Information
This property is offered subject to our Common Auction Conditions, available on our website. Please note that at the time of publication, the Auctioneers were unable to inspect the property internally; therefore, accommodation details should not be solely relied upon.
Purchasing at auction constitutes a legally binding commitment, equivalent to exchanging contracts via private treaty. Prospective bidders are strongly advised to review the legal pack available online and seek independent legal advice prior to bidding.
Buyer’s Administration Fee
A non-refundable administration fee of £1,800 (inc. VAT) is payable by the purchaser, whether the property is bought before, during, or after the auction.
Guide Price & Reserve Price
Each property is sold subject to a Reserve Price, which will be within +10% of the Guide Price. The Guide Price is provided solely to help buyers assess whether the property meets their requirements.
Important Notice / Disclaimer
In accordance with RICS guidance, these particulars are prepared in good faith and are intended to give a fair description of the property. At the time of publication, the Auctioneers were unable to inspect the property internally. Consequently, any details relating to the accommodation, floor areas, condition, fixtures, fittings, services, or any other aspects of the property are based on limited information and should not be relied upon as statements of fact.
Prospective purchasers are strongly advised to satisfy themselves as to the accuracy of the information provided by undertaking their own inspections, surveys, and enquiries prior to making any offer or bid. Neither the Auctioneers nor the vendor give any representation or warranty, express or implied, as to the accuracy, completeness, or suitability of the information contained within these particulars.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
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