A Fifth Floor Two Bedroom Flat subject to an Assured Shorthold Tenancy Producing £12,480 per annum

Description

The property comprises a fifth floor two bedroom flat situated within a purpose built block arranged over ground and five upper floors.

Tenure

Leasehold. The property is held on a 125 lease from 9th August 2004 (thus approximately 115 years unexpired).

Location

The property is situated in the South East London residential area of New Cross close to local shops and amenities. The open spaces of Brimmington Park are within easy reach. Transport links are provided by Queens Road (Peckham) London Overground.

Exterior

The property benefits from a lift (not tested)

Tenancy

The property is subject to an Assured Shorthold Tenancy at a current rent of £1,040 per calendar month (holding over).

Accommodation (2nd Column)

Fifth Floor
Reception Room
Two Bedrooms
Kitchen
Bathroom with WC and wash basin

Note (2nd Column)

The LHA rates for a 2 bedroom flat in this postcode is £255.09 per week. Thus potential income of £13,264.68 per annum (source: https://lha-direct.voa.gov.uk/)

Viewing Details

Please refer to us directly on: 0207 625 9007

Bold Black Text

Current Rent Reserved £12,480 per annum

Addendum

From the 1st April 2014 the rental income was increased to £255.09 per week (£13,264.68 pa)

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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