Lot 2 House Arranged As Four Flats Producing £48,000 Per AnnumAuction Date:
26th July 2023
79 Penge Road, Penge, London, SE25 4FH
Currently let at £48,000 per annum Estimated rental £54,000 per annum
A mid-terrace five storey property arranged as four self-contained flats, producing approximately £48,000 per annum. All of the flats are let on Assured Shorthold Tenancies and each unit has double glazing, a gas heating system via radiators, contemporary kitchen and bathroom fittings and in good decorative order throughout.
The property is located on the north side of Penge Road (A213) between the junctions of Beulah Hill (A212) and Anerley Road. Penge is situated between Crystal Palace and Beckenham and there are comprehensive local shopping facilities and amenities in the immediate vicinity with mainline stations to central London and surrounding areas easily accessible, as well as excellent road links to the south, Gatwick and central London via the nearby A23.
Flat 1
Ground Floor
Entrance hall, stairs to lower ground floor, bedroom one, kitchen, separate W.C., living room, glazed door to rear patio area, bathroom/W.C.
Lower Ground Floor
Inner hallway, bedroom two and bedroom three with en-suite shower room and W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £1,200 per calendar month.
Council Tax Band C
Flat 2 - First Floor
Entrance hall, living room, kitchen, bedroom and bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £1,100 per calendar month.
Council Tax Band B
Flat 3 - Second Floor
Entrance hall, studio room, kitchen and shower room/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £950 per calendar month.
Council Tax Band B
Flat 4 - Third Floor (Top)
Entrance hall, studio room, kitchen and shower room/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month.
Council Tax Band B
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
