No longer on the market
This property is no longer on the market
MapStudio
Auction
Studio
Key information
Tenure: Leasehold | 9 yrs left
Council tax: Ask agent
Features and description
- A Well Located First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £14,400 Per Annum
Unsold. Contact the auctioneer.Guide Price = £120,000+
*For Sale By Online PublicAuction 7th December 2022 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Well Located First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £14,400 Per Annum
Tenure
Leasehold. The property is held on a 57 year lease from 24th June 1975 (thus approximately 9 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
Location
The property is situated in the highly sought after area of Marylebone close to local shops and amenities. The open spaces of Hyde Park and Marble Arch are within easy reach. The property is equidistant to both Edgware Road underground station (Circle, District, Hammersmith & City and Bakerloo lines) and Marble Arch underground station (Central line)
Description
The property comprises a first floor studio flat situated within a purpose built block arranged over ground and nine upper floors. The block benefits from a lift and concierge.
Accommodation
First Floor
Studio Room
Kitchen
Bathroom
Accommodation
Exterior
The property benefits from two lifts and a concierge.Tenancy
The property is subject to an Assured Shorthold Tenancy expiring August 2022 at a rent of £1,200 per calendar month.
Note
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
Planning
There are no internal viewings
*For Sale By Online PublicAuction 7th December 2022 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Well Located First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £14,400 Per Annum
Tenure
Leasehold. The property is held on a 57 year lease from 24th June 1975 (thus approximately 9 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
Location
The property is situated in the highly sought after area of Marylebone close to local shops and amenities. The open spaces of Hyde Park and Marble Arch are within easy reach. The property is equidistant to both Edgware Road underground station (Circle, District, Hammersmith & City and Bakerloo lines) and Marble Arch underground station (Central line)
Description
The property comprises a first floor studio flat situated within a purpose built block arranged over ground and nine upper floors. The block benefits from a lift and concierge.
Accommodation
First Floor
Studio Room
Kitchen
Bathroom
Accommodation
Exterior
The property benefits from two lifts and a concierge.Tenancy
The property is subject to an Assured Shorthold Tenancy expiring August 2022 at a rent of £1,200 per calendar month.
Note
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
Planning
There are no internal viewings
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.