Description
Location
Exterior
Administration Charge
Unconditional online auction
Note – This property is being sold by unconditional online auction. Please register your interest at https://auctionhouselondon.co.uk/online-auction/
The unconditional online auctions work on the same basis as traditional auctions. If you are the highest bidder at an unconditional auction and the reserve price has been met; you will exchange contracts with the seller and enter into a legally binding contract, which sees the buyer pay a deposit immediately. The minimum deposit is usually 10% of the purchase price (with a minimum of £5,000 or the purchase price if lower), this is in addition to the buyer’s fee. The deposit due might be altered by the special conditions of sale and you should read the legal pack carefully before bidding as you will be bound by the payment terms in the special conditions. The sale is absolute and the deposit and buyer’s fees are non-refundable.
Addendum
Accommodation & Tenancy Schedule
| Property | Floor | Accommodation | Tenancy Details | Current Annual Rent |
|---|---|---|---|---|
| Flat 1 | Ground | One Bedroom Flat | Let on a 6 month Assured Shorthold Tenancy at a rent of £350 pcm from 24.2.17 (holding over) | £4,200 |
| Flat 2 | Ground | One Bedroom Flat | Let on an Assured Shorthold Tenancy from 25.06.2018 to 05.07.2019 at a rent of £400 pcm | £4,800 |
| Flat 3 | First | One Bedroom Flat | Let on an Assured Shorthold Tenancy from 26.08.2018 to 25.02.2019 at a rent of £400 pcm | £4,800 |
| Flat 4 | First | One Bedroom Flat | Let on an Assured Shorthold Tenancy from 23.07.2018 to 23.07.2019 at a rent of £320 pcm | £3,840 |
Additional Fees and Disclaimer
Administration charge: £1,500 including VAT unless otherwise stated in the addendum.
Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.
Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.
Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.