Online auction date: 27th October 2020 at 12:30pm. By TOWN AND COUNTRY PROPERTY AUCTIONS LONDON -https://www.townandcountrypropertyauctions.co.uk/london/
All bidders must register beforehand. Please visit our website for further details.
Investment opportunity currently producing circa £76,000 per annum
We are delighted to offer to the market a residential investment opportunity. The investment consists of 16 x one bed purpose built flats arranged as two flats on each floor, each having its own entrance.
Each flat is approximately 500 sq ft. All flats are let and currently producing circa £76,000 which equates to a 13.2% yield based on this guide price.
The development is situated in a Close, yet convenient to all local schools and amenities.
Please refer to the legal pack.
EPC's - please see the legal pack
Online auction date: 27th October 2020 at 12:30pm.
All bidders must register beforehand by clicking ‘Log in / register to bid’ and following the prompts.
Bidding is also available by way of telephone and proxy.
Please note that wherever possible viewings will be by virtual tour. Any viewings that we do conduct in person will follow current Government guidelines.
For further information please contact our auction team on 02030 111499.
Exchange And administration fee information: (plus fees)
Buyers Admin Fee Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyer's Admin Fee of £900 inc VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges. These may include, but are not limited to, Value Added Tax (VAT), Stamp Duty, ground rents, rent arrears/apportionment of rent, outstanding service charges, sellers search costs/disbursements, reimbursements of sellers solicitors, auctioneer costs, buyer’s premiums or reservation fees.