Situation & Description
This long leasehold property is situated on the first floor of this period conversion and is within walking distance of Chatsworth Road and Lower Clapton Road offering a wide range of amenities including cafes, bars, restaurants and independent retailers. Hackney Marshes, South Millfields Recreation Ground and Millfields Park are all within close proximity as our the Overground stations of Hackney Downs, Hackney Central, Homerton and Clapton giving easy access into Central London and beyond.
This first floor space extends to 75sqft and is let on an Assured Shorthold Tenancy with the tenant paying £800 per calendar month which is the equivalent of £9,600 per annum. It is believed that utility bills are included in the monthly rent but bidders are advised to review the Legal Pack prior to bidding.
The flat consists of: Studio room and separate wet room.
The lease is 999 years from 1st September 2014 thus having 992 years remaining with a ground rent of £1 per annum.
Copies of the Assured Shorthold Tenancy Agreement are available from the Auctioneers and contained with the Legal Pack.
Due to the square footage of the property, it is our understanding that buyers will not be able to obtain a mortgage on the studio.
The lot is to be sold by online auction on Wednesday 23rd February at 4:00pm (bidding opens on Tuesday 22nd February at 12pm)
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.