Online auction date: 24 May 2022. Bidding opens at 11:00am and closes at 12:00noon. By AUCTION PROPERTY LONDON -www.auctionproperty.co.uk
6 bedroom block of apartments for sale
We are delighted to offer to the market these 2 x three bedroom self-contained flats over the first and second floors let on a nightly basis, well located for the amenities and transport links of Maida Vale.
Let on a nightly basis at £65,750 per annum*
AR graded by Setting the Standard (STS) Temporary Accommodation Inspections Service
Head lease includes flat 3 which is let on a term expiring on 5th January 2113 at a rent of £50 per annum and rising to £250 per annum
*Rental figure is based upon actual achieved level for 12 months up to 30th September 2021.
Flat 1 - Three Bedrooms, Kitchen, Shower Room/WC
Flat 2 - Three Bedrooms, Kitchen, Shower Room/WC
Located on Malvern Road close to the turning for Chippenham Gardens
The property is located above a well established and busy local parade of shops
Convenient to the popular cafes, shops, bars and restaurants of Elgin Avenue and Lauderdale Parade
Recreational amenities of Paddington Recreational Ground and Queens Park are both easily accessible
Underground - Maida Vale (Bakerloo Line) Westbourne Park (Circle, Hammersmith & City Lines)
National Rail - Paddington
Flats 1 & 2 - Let on a nightly basis for £65,700 per annum*
Flat 3 - Sold on a long lease on a term expiring on 5th January 2113 at a rent of £50 per annum and rising to £250 per annum
EPC Rating D
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.