Flat 39 Gladstone House, Sadler Close, Mitcham, London CR4 3EJ

*** This property remains available and open to offers following the auction on 8th December 2022. Please contact the auctioneers for further details. ***

** IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 8th December 2022 at 11:00am Walsall Football Club, Bescot Stadium, WS1 4SA

Just turn up and no need to pre-register. You can also register for telephone, proxy, internet bidding online.

passport.eigroup.co.uk/bidder-registration/auction-house-midlands/75308

GUIDE PRICE: £145,000 to £165,000

*** This property remains available and open to offers following the auction on 8th December 2022. Please contact the auctioneers for further details. ***

Tenanted investment opportunity. 1 bedroom apartment with gas central heating, requiring some redecoration. Leasehold with approximately 87 years remaining, having the benefit of the seller starting the lease extension process. Current rent payable £10,500 p.a. circa 7% yield.

The Auctioneers have been unable to inspect the property and verify the accommodation.

ACCOMMODATION
The accommodation is understood to be:
(The Auctioneers have been unable to verify this information.)
GROUND FLOOR
Hallway:
Lounge:
Kitchen:
Bedroom:
Bathroom:

OUTSIDE
Terrace to the rear.

EPC RATING - C


COUNCIL TAX BAND - A


TENURE
Leasehold subject to tenancy.
Term: 125 years from 25/12/1984
Service Charge: £983.37 p.a. approximately.
Ground rent: £20 p.a.

The property will be sold with the benefit of a new lease of 125 years and the buyers will be responsible for the costs of this at approximately £5,200. Please see the legal pack for full details.

TENANCY
Company let
Term: 12 months from 28/10/2020 (Now rolling)
Rent payable: £875 p.c.m.

NOTE
Photos have been provided by the sellers agent and is understood to be a fair representation of the property.

ADDITIONAL COSTS
Administration Fee: £1,200 (£1,000 plus VAT)
Buyer's Premium: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs

ADDENDUM
07/12/2022 15:38
Management information is not available.

Administration Fee:
£1200 inc VAT payable on exchange of contracts.

Disbursements:
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.