6 bedroom Apartment in London

Flat 106, Cannon Hall, Farndale Court, Master Gunner Place, London SE18 4PU
  • Lot No: 103
  • Property Type: Apartment
  • Contract Type: Unconditional with Variable Fee

Guide Price* £350,000+ plus fees

Result Sold at Auction £385,000

Property Description

DRAFT DETAILS A superb six bedroomed apartment in this modern, purpose built block. Completely set up for student life and making this a relatively hands free investment. The apartment offers six bedrooms, all with en suite shower rooms, along with a communal living/kitchen. Currently there are three rooms let out at £600 per calendar month each/£21,600 per annum. The property is sold subject to tenancy in 3 of the 6 rooms however the tenants are due to move out of the property prior to completion. The buyer will purchase the property as it stands at the time of completion whether this is subject to tenancy or vacant. Once fully let the estimated rental income will be £43,200 per annum inclusive. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. The block has its own reception and onsite management team who can take care of the building and letting/management of flats. Each bedroom comes with a double bed, desk and wardrobe. There is a communal laundry room along with well maintained lawned gardens with bench seating and BBQ area.

Communal Entrance Hallway

Secure entry doors with management reception area.


Flat 106

Open plan kitchen / living space<br>Bedroom one with en suite<br>Bedroom two with en suite<br>Bedroom three with en suite<br>Bedroom four with en suite<br>Bedroom five with en suite<br>Bedroom six with en suite


Outside

Lawned gardens for resident use and block parking


Leasehold

We are informed by vendor that the property will be sold with a share of the freehold.<br><br>Length of lease: 99 years from 1 April 2007 & 999 years commencing on 1 January 2014<br>Current ground rent: TBC<br>Ground rent review period: TBC<br>Current service charge: £200 pcm.<br>Service charge review period: TBC<br> <br>This information should be clarified in the legal pack and we’ll update the information above when we receive it.


Please Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


Tenure

Share of Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 30th June 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Flat 106, Cannon Hall, Farndale Court, Master Gunner Place, London SE18 4PU