Auction House London

Lot 11

 

Flat 1, 1 Borough Hill

Croydon, Surrey, CR0 4LP

Sold for £101,000.

A Ground Floor Self-Contained Studio Flat Subject to an Assured Shorthold Tenancy Producing £6,900 per annum

Description

The property comprises a ground floor self-contained studio flat within a detached building arranged over ground and first floors.

Tenure

Leasehold. The property will benefit from a new 125 year lease.

Location

The property is situated on a quiet residential road in Croydon near local shops and amenities. The open spaces of both Dupas Hill and Wandle Park are both within easy reach. Transport links are provided by Waddon rail station.

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 6 months commencing on 20th September 2014 (Holding Over) at a rent of £575 per calendar month.

Accommodation (2nd Column)

Ground Floor
Studio Room
Kitchen
Bathroom

Note (2nd Column)

We understand from the vendor that this property can qualify for Croydon Council's Guaranteed Rent Scheme. This could increase total the rental income to £8,695 per annum.

Viewing Details

Tuesday 13th October 13:00-13:30
Friday 16th October 13:00-13:30
Monday 19th October 13:00-13:30
Friday 23rd October 13:00-13:30
Monday 26th October 13:00-13:30

Bold Black Text

Current Rent Reserved £6,900 per annum

Addendum

The property will now be offered with Vacant Possession upon completion.

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.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about Flat 1, 1 Borough Hill, Croydon, Surrey, CR0 4LP

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