Grade II Listed Five Storey Townhouse split into four flats
3 Eliot Place, Blackheath, London, SE3 0QL
- 15
Key features
Guide Price: *
£1,425,000
Fees apply
Buyer's fee:£3,960
Admin fee:£14,400
Legal fee:£202.80
All fees include VAT at 20%
Holding Deposit: *£1,040
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£1,425,000Bid history
0 bids** For sale by online auction (subject to sale prior, reserve and conditions) **
Overview
A highly reversionary residential investment asset, with an aggregate passing rental income of £5,760 per annum. The property would suit rental investors or an owner-occupier end user (subject to relevant planning permission).
Description
A 19th century Grade II listed townhouse currently split into four flats. It is a highly reversionary investment and would suit residential investors or an owner-occupier end user (subject to relevant planning permission).
It is currently arranged as 3 x one-bedroom flats and 1 x two-bedroom flat, and externally it has private front and rear gardens.
The property is located on a quiet residential street on the edge of Blackheath and is a short walking distance from Blackheath Station.
Location
The property is located on Eliot Place, a quiet residential street in the south-east London suburb of Blackheath.
The property is in a prime situation on the edge of the heath, with views across London. The property is a short walking distance from Blackheath Station which provides regular services to London Bridge and London Victoria.
Blackheath is a well-established residential and retail area, with a variety of occupiers, including Jigsaw, Gail’s and Morrisons.
Accommodation
The accommodation has been measured on an IPMS 3B basis and the approximate areas comprise:
Basement & Ground Floor Flat: 1,625 sq ft / 151 sq m
First Floor Flat: 559 sq ft / 52 sq m
Second Floor Flat: 603 sq ft / 56 sq m
Third Floor Flat: 570 sq ft / 53 sq m
Total: 3,358 sq ft / 312 sq m
Important Notices
This property is available for sale by online auction. Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. There is no charge for registering. Buyers should allow sufficient time to complete this process before the time period expires. Full details can be found on Fisher German’s online auction page: www.fishergerman.co.uk/current-auctions
Guide Price
£1,425,000
For sale by online auction (subject to sale prior, reserve and conditions).
Title Number
275091
Tenancy Details
Three out of the four flats are occupied on a rolling basis, as per the schedule below.
Basement and Ground Floor Flat: £1,920 per annum
First Floor Flat: Vacant
Second Floor Flat: £1,920 per annum
Third Floor Flat: £1,920 per annum
Legal Pack
A legal pack and any special conditions will be available on Fisher German’s online auction page and interested parties will need to register before accessing the legal documents. It is the responsibility of a prospective buyer to make all necessary enquiries prior to the auction.
Condition of Sale
The property will, unless previously withdrawn, be sold subject to common auction conditions and special conditions of each sale may be found in the legal documents section of the Fisher German online auction page. Each buyer shall be deemed to have notice of each condition and all the terms thereof and to bid on those terms whether they shall have inspected the said conditions or not.
Completion
Completion will take place 20 working days after exchange of contracts, unless otherwise varied and specified in the legal pack.
Sellers Solicitors
Elliot Mather LLP
Contact: Filip Feret
Tel: 01332 372 311
Email: filip.feret@elliotmather.co.uk
Buyers Fees
The purchase of this property is subject to a combined buyer and admin fee of £18,360 incl VAT (£3,960 + £14,400) as stated on the auction listing. These fees will be automatically collected at the end of the auction from the registered payment card. In addition, the buyer will be required to reimburse the cost of searches, being £202.75 in addition to the contract price collected via the lawyers on completion.
Deposit
The balance of the 10% deposit shall be transferred by the buyer to their solicitor for onward transmission by 12 noon the following working day to the seller’s lawyer. It is therefore essential that you instruct your solicitor ahead of the auction.
Tenure
Freehold
Council Tax
Basement and Ground Floor Flat: Band C
First Floor Flat: Band B
Second Floor Flat: Band B
Third Floor Flat: Band B
Council tax is payable on each individual flat and occupiers will be responsible for paying it direct to the local authority.
Legal Costs
Each party to bear their own legal costs in respect of this transaction excluding the cost for searches.
VAT
VAT is not chargeable in respect of this transaction.
Finance Your Purchase
If you require advice on how to finance a purchase through Auction, please go to www.cherrystreetfinance.com our trusted partners, or ask our team for further details.
Services
We understand that mains services are connected to the building including electric, water and mains drainage.
We confirm we have not tested any of the service installations and any occupiers must satisfy themselves as to the state and condition of such items.
EPC
E - Individual assessments for each flat.
Fixtures & Fittings
Any fixtures and fittings not expressly mentioned within these particulars are excluded from the letting.
Anti Money Laundering
The successful buyer will be required to submit information to comply with Anti Money Laundering Regulations.
Viewings
Sarah Connell - Fisher German LLP
07850 892874
Sam Peters - Fisher German LLP
07779 972408
Viewings strictly by appointment only
The winning buyer must pay £19,400 automatically at the end of the auction of which:
£3,300 + VAT is the buyer fee
£12,000 + VAT is the admin fee
£1,040 is the deposit contribution
Summary
- Auction end
- 8th May at 11:00
- Property type
- Terraced
- Tenure
- Freehold
- Bedrooms
- 5
- Bathrooms
- 4
- Council tax band
- C
Summary
- Auction end
- 8th May at 11:00
- Property type
- Terraced
- Tenure
- Freehold
- Bedrooms
- 5
- Bathrooms
- 4
- Council tax band
- C
This property is being sold by:
London
02073 675533
Becket House 36 Old Jewry London EC2R 8DD
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Fisher German Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Fisher German Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
