• First (top) floor 1 bedroom flat

• Situated in a desirable location that benefits from all the amenities that Bermondsey and Borough provide

• New 990 year lease on completion

• Vacant (no chain)

• To be sold via Knight Frank Auctions on Thursday 7th May (will not be sold prior)

Property Description

On the instructions of a Housing Association.

The property comprises a first (top) floor 1 bedroom self-contained flat, which benefits from being situated in a desirable location that benefits from all the amenities Bermondsey and Borough has to offer.

Accommodation
Living Room, Kitchen, Bedroom, Bathroom

Tenure
A new 990 year lease will be granted on completion.
Ground rent is peppercorn.
Refer to the legal pack for further information, together with service charge information.

The property may benefit from reconfiguration, subject to obtaining the requisite consents. Interested parties are to rely on their own enquiries in this regard.

Open House Viewings:
Saturday 25th April: 12:00pm midday - 12:30pm
Wednesday 29th April: 12:00pm midday - 12:30pm
Saturday 2nd May: 12:00pm midday - 12:30pm
Please arrive at the start time.

Location

The property is situated in the heart of Bermondsey, to the east of its junction with Tower Bridge Road. Local amenities and recreational facilities are plenty. Elephant & Castle, Borough and Bermondsey train stations triangulate the property.

Occupancy

Vacant

Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.