Lot 63 - THREE VACANT FLATS FOR INVESTMENT ON LONG LEASE

Sold £456,500

Previously let at £29,250 per annum

These self-contained flats occupy the first and second floor upper residential levels of an end-terraced period building, with communal access from the front next to the shop unit on the ground floor.

Located within easy reach of all public facilities including local shopping and public transport, it is considered an ideal opportunity for investors. Forest Hill Station (Overground & Southern services) is just under half a mile distance.

First Floor

Flat 1

Self-contained studio flat with kitchen facilities and shower room with W.C.

Upper First Floor

Flat 2

Self-contained one bedroom flat with living room, bedroom, kitchen, bathroom and separate W.C.

Second Floor

Flat 3

Self-contained one bedroom flat with landing area, roof space access, living room, bedroom, kitchen, bathroom and separate W.C.

Each flat has double glazed windows and gas heating via radiators.

Tenure

Remainder of a 173-year lease, from 29th September 1995, at a current ground rent of £200 per annum.

Leasehold with Vacant Possession of the Residential Upper Parts

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/