Flat for sale in London SE15, 2 Bedroom

Lot 131 - This lot is for sale by auction as lot 131 on Thursday 14th February 2019.

A Leasehold Self-Contained First Floor Flat subject to a Tenancy

Current Gross Rent Reserved£21,678.20 per annum (equivalent)

Net Rent Reserved£19,500.40 per annum

Tenure
Leasehold. The property is held on a lease for a term of 125 years from 20th December 2000 (thus having approximately 106 years unexpired) at a current ground rent of £10 per annum.

Location
The property is situated on the west side of Adys Road, to the north of its junction with Nutbrook Street. A wide range of shops and amenities is available along Rye Lane to the east. Rail and Overground services run from Peckham Rye Station approximately 0.5 miles to the north-east. The open spaces of Peckham Rye Park are close by.

Description
The property comprises a self-contained first floor flat situated within a mid terrace building arranged over ground and first floors beneath a pitched roof.

Accommodation
The property was not internally inspected by Allsop. The following information was provided by the Vendor. We are informed that the property provides:Three Rooms, Kitchen, Bathroom

Tenancy
The property is let on a bed and breakfast basis (no breakfast supplied) (no tenancy agreement) at a gross rent of £21,678.20 per annum (net rent £19,510.40).

Seller’s Solicitor
Howard Kennedy (Ref: Mp). Tel: Email: Martin.Philips@howardkennedy.Com

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.