A vacant 2 bedroom third floor apartment requiring refurbishment, located in a popular residential area close to the open heath with good access to Blackheath Village and Greenwich Park. Ideal for owner occupation or letting investment with an estimated rent of £1,850 PCM once renovated, gross yield 9.97% PAX. Cash buyers only due to 41 years remaining on the lease.
Auction date
To be sold by online auction on Thursday 31st August 2023 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Close to local schools and amenities * Good access to City centre * Rail service Blackheath, Westcombe Park and Maze Hill * M25 access A2 and A20
Description
* Third floor apartment * 2 bedrooms * Requires refurbishment
Accommodation
Entrance hall, living room, kitchen, 2 bedrooms, bathroom
Outside
Front and rear gardens, off road parking
EPC rating
F
Tenure
Leasehold with vacant possession
Lease
99 years (less 4 days) from 25 December 1965, 41 years remaining. The seller will not serve a notice on behalf of a buyer to extend the lease.
Council tax band
D - Greenwich
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
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