Ref: Lot 22
Tenanted investment opportunity
Residing on the 4th floor of a 12-storey block with secure entry and lift access, is this spacious two double bedroom flat with a semi-open plan kitchen and living room, which leads out onto a private balcony, and a bathroom.
Permit parking is available.
Currently tenanted, the flat let on a 12 month Assured Shorthold Tenancy Agreement at £1400 pcm (£16,800pa) and producing an annual yield of 8.84% based on this guide price.
The property is ideally located for the many amenities and bus routes on Old Kent Road, with South Bermondsey also close by.
Length of lease - 125 years from 1998 (approximately 90 years remaining. Ground rent - £10 per annum. Service charge - £1600pa (including £95 for buildings insurance)
C
For sale by online auction on 31 May 2023
Bidding opens at 10:00am and closes at 12:00 noon
Investment opportunity
4th floor apartment
Two double bedrooms
Tenanted - let at £1400 pcm
£16,800pa - annual yield of 8.84%
Close to local amenities
Plus Fees
B
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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