No longer on the market
This property is no longer on the market
MapStudio
Auction
Studio
Key information
Features and description
Please refer to auctioneer for more informationGuide Price = £190,000+
*For Sale By Online PublicAuction 2nd July 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Well Located Third Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £16,200 Per Annum
14 Week Completion Available
Tenure
Leasehold. The property is held on a 99 year lease from the 25th December 1971 (thus approximately 45 years unexpired).
Location
The property is situated in the highly sought after area of Paddingotn close to local shops and amenities. The open spaces of Hyde Park are within easy reach. Transport links are provided by Royal Oak underground station (Hammersmith & City line) and Marylebone rail station.
Description
The property comprises a third floor studio flat situated within a purpose built block arranged over ground and seven upper floors.
Accommodation
Third Floor
Studio Room
Kitchen
Bathroom
Accommodation
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,350 per calendar month.
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.
EPC Rating
C
Viewing Appointments to be Confirmed
Addendum
Please note that this property is subject to a Buyers Premium of £1,500 plus VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
*For Sale By Online PublicAuction 2nd July 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Well Located Third Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £16,200 Per Annum
14 Week Completion Available
Tenure
Leasehold. The property is held on a 99 year lease from the 25th December 1971 (thus approximately 45 years unexpired).
Location
The property is situated in the highly sought after area of Paddingotn close to local shops and amenities. The open spaces of Hyde Park are within easy reach. Transport links are provided by Royal Oak underground station (Hammersmith & City line) and Marylebone rail station.
Description
The property comprises a third floor studio flat situated within a purpose built block arranged over ground and seven upper floors.
Accommodation
Third Floor
Studio Room
Kitchen
Bathroom
Accommodation
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,350 per calendar month.
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.
EPC Rating
C
Viewing Appointments to be Confirmed
Addendum
Please note that this property is subject to a Buyers Premium of £1,500 plus VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
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.