No longer on the market
This property is no longer on the market
Floorplan
Map
Area insights2 bedroom apartment
Key information
Features and description
- 2 Bedroom
- 58 Square metres
- Open Plan Kitchen/Reception
- Modern Bathroom
- Woolwich Town Centre next to Sainsbury's
- Close to transport links - Elizabeth Line to Central London in less than 20 minutes
- 24 Hour Concierge
- Parking
*OPEN HOUSE VIEWING BY APPOINTMENT ONLY*
Welcome to our online auction for the sale of a well-maintained 8th floor two bedroom flat, generating an annual rental income of £19,800. To access the legal documents pertaining to this property, please visit our website and download the comprehensive legal pack.
The property is leasehold, held on a 150-year lease from January 1st, 2004, providing approximately 128 years of unexpired lease term.
Conveniently located in the vibrant South East London area of Woolwich, the property benefits from close proximity to local shops, amenities, and the beautiful Barrack Field. Excellent transport links are easily accessible, with Woolwich DLR, Woolwich Arsenal rail station, and the new Woolwich Elizabeth station (0.6 miles away) offering quick and convenient connections. Canary Wharf is just an 8-minute journey, Liverpool Street is reached in 14 minutes, and Tottenham Court Road is under 20 minutes away.
This fantastic property is situated within a purpose-built building spanning ten upper floors, with the flat occupying the 8th floor. The accommodation comprises an open plan reception room and kitchen, two bedrooms, and two bathrooms, providing comfortable and contemporary living spaces.
The property has recently undergone extensive refurbishment and improvement works, including the installation of brand-new windows and balcony doors, a new fire-rated entrance door, upgraded electrical wiring with a new consumer unit, as well as a newly installed boiler.
In addition to the appealing interior, the property boasts the added benefit of an allocated parking space, ensuring convenience for the residents.
In the agent's opinion, there is scope for a material rent rise at the end of the fixed term and income of up to £20,000 per annum could be generated, for a strong yield of 12% at the guide.
Don't miss this excellent investment opportunity with a standout high yield! Join our online auction and seize the chance to acquire this 8th floor two bedroom flat with vacant possession from 25th May.
Council Tax Band: C
Tenure: Leasehold
Length of Lease: 128
Annual Ground Rent Amount: £100.00
Annual Service Charge Amount: £4,356.00
Rooms
Lounge/Kitchen 5.64m x 4.49m (18ft 6in x 14ft 8in)
Bathroom 1.87m x 2m (6ft 1in x 6ft 6in)
Main bathroom
Bedroom 1 3.30m x 3m (10ft 9in x 9ft 10in)
En-Suite 1.50m x 2m (4ft 11in x 6ft 6in)
Bedroom 2 2.26m x 2.39m (7ft 4in x 7ft 10in)
Concierge
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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