A Vacant Two Bedroom Third Floor Flat

By Order of the Mortgagees in Possession

Description

The property comprises a third floor two bedroom flat situated within a purpose built block arranged over ground and ten upper floors. The property requires refurbishment.

Tenure

Leasehold. The property is held on a 125 year lease from 19th March 1990 (thus approximately 100 years unexpired).

Location

The property is situated in the South East London area of Forest Hill close to local shops and amenities. The open spaces of Mayow Park are easily accessible. Transport links are provided by Forest Hill rail station.

Exterior

The property benefits from communal parking and a balcony.

Accommodation (2nd Column)

Third Floor
Reception Room
Two Bedrooms
Kitchen
Bathroom with WC & wash basin

Note (2nd Column)

The LHA rates for a 2 bedroom flat in this postcode is £240 per week. Thus potential income of £12,480 per annum (source: https://lha-direct.voa.gov.uk/)

Viewing Details

Thursday 12th February 11:00-11:30
Monday 16th February 14:30-15:00
Thursday 19th February 11:00-11:30
Monday 23rd February 14:30-15:00

Addendum

Please note that this property is subject to a Buyers Premium of £750 + VAT. This is in addition to the buyer's admin fee of £450 + VAT charged by the auctioneers.

Additional Fees

Administration charge: £1,200 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.

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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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