• Duplex 2-bedroom penthouse with private terrace

• Portered Bayswater building

• Refurbishment opportunity

• Ideally located for Hyde Park, Queensway and Bayswater Underground stations, with the extensive amenities of the West End within easy reach

• Vacant (no chain)

• To be offered for sale via Knight Frank Auctions on 22nd October (will not be sold prior)

Property Description

On instructions of the Liquidators.

A two-bedroom duplex penthouse apartment with private terrace, set within a portered building on Porchester Terrace, Bayswater.

Arranged over the fifth and sixth floors and extending to approximately 1,124 sq ft (104.4 sq m), the apartment offers well-proportioned accommodation and far-reaching rooftop views. The property is presented in a stripped-back condition and provides a rare opportunity to complete a comprehensive refurbishment to an individual specification.

The property is ideally located for Hyde Park, Queensway and Bayswater Underground stations, with the extensive amenities of the West End within easy reach.

Tenure
Leasehold: 99 years from 24/06/1973, thus approximately 46 years unexpired
Ground Rent: Refer to legal pack
Service Charge: Refer to legal pack

Open House viewings:
Wednesday 19th August: 12:00pm - 12:30pm
Saturday 29th August: 12:00pm - 12:30pm
Thursday 3rd September: 12:00pm - 12:30pm
Please arrive at the start time.

Location

Porchester Terrace is situated in the heart of Bayswater, moments from Hyde Park and Kensington Gardens. The property is conveniently positioned for the shops, restaurants and cafés of Queensway, while the wider amenities of Notting Hill, Marylebone and the West End are within easy reach. Queensway (Central line) and Bayswater (Circle and District lines) Underground stations are both nearby, providing excellent connectivity across London. The area continues to benefit from significant investment and regeneration, including the landmark Whiteleys redevelopment.

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.