2 bedroom apartment

Interested parties should contact Knight Frank Auctions for further information.

Description
- Long Leasehold in the West End
- 150 years unexpired
- Close to Hyde Park & Paddington
- Vacant 2 bedroom apartment with views over London

The property comprises a 2 bedroom apartment with kitchen, bathroom, separate WC, sitting room, cloak room and cupboard. The apartment is on the 8th Floor of 25 Porchester Place providing views towards the West End. There is lift access & 24 hours porterage.

Tenure

Long Leasehold with 150 years unexpired at a ground rent of £400 per annum.

Location
The property is located on the western side of Porchester Place at its junction with Oxford Square and close to Hyde Park. Paddington, Marble Arch & Edgware stations are all within easy walking distance.
The property benefits from its close proximity to shopping facilities nearby on Edgware Road, Connaught Street and Oxford Street.

Occupancy
Vacant

Tenure
Leasehold

Buyers Fee
The buyers fee is £1500 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
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, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

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 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 SDL Property Auctions’ home page.
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 Buyers Terms.