This flat has been included in a block sale of 10 flats in the same building direct with the vendor so has technically sold prior. My Auction were not involved in the block deal and therefore didn't get paid any fees for this lot.
Situation & Description
This newly converted, high specification long leasehold 1 bedroom flat is finished to a high standard with integrated kitchen appliances and underfloor heating is situated in close proximity to Woking town centre with nearby local amenities including Sainsburys, Starbucks, HSBC and a wide range of restaurants such as Pizza Express, Zizzi, Cote Brasserie and many more.
The first floor flat extends to 334sqft (31sqm) and is let on an Assured Shorthold Tenancy for 12 months from September 2019 with the tenant paying £1,100 per calendar month which is the equivalent of £13,200 per annum or a gross yield of 7.5% if purchased at the guide price of £175,000.
Woking is a popular town in Surrey with excellent road and rail links to London and the surrounding areas. By train, Guildford (10 mins), Basingstoke (19 mins) and London Waterloo (24 mins) are all within easy reach and by car, J11 of the M25 (5 miles), J3 of the M3 (7 miles) and Heathrow Airport (13 miles) are easily accessible from the town centre.
The lease is 130 years from 2018 thus having just over 128 years remaining with an annual service charge of £886.13 per annum.
Copies of the Assured Shorthold Tenancy Agreement are available from the Auctioneers and contained with the Legal Pack.
The lot is to be sold by online auction on Wednesday 18th March at 2:00pm
All interested parties who wish to bid, please contact My Auction on 0207 101 4868
Please note that a Buyer’s Premium of 1.2% inc.VAT of the purchase price is to be paid by the successful Buyer (subject to a minimum fee of £2,400 inc.VAT).
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
This auction is now closed.
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