Lot 40 - Building With Ground Floor Flat, Studio And Ground Rent Of Upper Flat Sold On Long Lease
66-68 Framlingham Crescent, London, SE9 4AF
Guide Price: *
£340,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Highest bid:
£330,000Bid history
1 bidS
26/07/2023 08:08:22 - £330,000
Currently let at £23,950 per annum
This detached building is currently arranged as two ground floor self-contained units (a one-bedroom flat and separate studio flat) and on the upper levels there is a separate flat which has been sold on a long lease for which the owner receives a ground rental income. Each of the ground floor flats are let on Assured Shorthold Tenancies.
66A Framlingham Crescent
Ground Floor Studio
Living/bedroom, kitchen and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £900 per calendar month.
Council Tax Band A
66B Framlingham Crescent - Ground Floor Flat
Living room, kitchen, bedroom and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £1,095 per calendar month.
Council Tax Band A
Outside
Garden to the rear.
68 Framlingham Crescent - Upper Floor Flat
Tenancy
Sold off on the terms of a long leasehold interest, with a ground rent payable of £10 per annum
Tenure
Remainder of a 125-year lease from 16th October 2006 at a current ground rental of £10 per annum.
Auctioneer's Note
At the time of publication an internal inspection has not been possible and the accommodation details have been provided by the Seller, therefore interested parties must rely upon their own enquiries.
Viewing
Interested applicants may view the property externally only and are requested not to contact the tenants direct.
Summary
- Lot number
- 40
- Auction end
- 26th Jul at 11:54
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 40
- Auction end
- 26th Jul at 11:54
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson Auctioneers
0345 8500333
Rocky Hill, London Road, Maidstone, Kent, ME16 8PY
†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 Clive Emson Auctioneers 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.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. 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.
