Property Description
Online auction date: 24 May 2022. Bidding opens at 11:00am and closes at 12:00noon. By AUCTION PROPERTY LONDON -www.auctionproperty.co.uk7 self contained studio flats - let at £126,607.42* per annum
Seven self-contained studio flats over the ground, first and second floors Let on a mixture of ASTs and nightly basis at £126,607.42 per annum* AR graded by Setting the Standard (STS) Temporary Accommodation Inspections Service *Rental figure is based upon actual achieved level for 12 months up to 30th September
Location
Located on Willesden Lane close to the turning for Callcott Road
The property is located above a well established and busy local parade of shops
Convenient to the popular cafes, shops, bars and restaurants of Kilburn High Road
Recreational amenities of Kilburn Grange Park and Paddington Recreation Ground are both easily accessible
Accommodation
Ground Floor - Two Studio Rooms with En Suites
First Floor - Three Studio Rooms with En Suites
Second Floor - Two Studio Rooms with En Suites, Balcony
EPC Ratings C & D - see legal pack
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 £1200 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.