To be sold at auction 11th November 2021 at 2 P.M by LOT9 auction house limited. Unconditional auction terms, which means that exchange of contracts will take place on the fall of the hammer, with 10% of the sale price due at that moment, buyer also pays 2% of the sale price plus VAT. £195,000 is the guide price for this apartment. See for the buyers guide
A contemporary 2 bedroom, 2 bathroom third floor apartment with a parking space beneath the apartment block. The property benefits from a shared garden and barbecue area to the rear of the apartments as well as a balcony accessed from the living room on the front of the building.. The property briefly comprises: Ground floor foyer with 24 hours concierge and lifts to the upper floors. From the third floor corridor with automatic lighting, a wooden door with peep hole opens into the hallway with doors to the open plan living room/dining area and kitchen, bathroom, bedroom 1 and 2 plus the utility cupboard with hot water tank, washing machine and electric trip box. Rental income pre pandemic was in the region of £1500 pcm, but rents of £1250-£1300 are currently the norm.
Wooden door from the third floor corridor, which has automatic lighting, into hallway with wooden flooring and doors to the living/dining/kitchen plus bedrooms 1 and 2, bathroom plus utility cupboard.
Living/Dining/Kitchen (9.09 x 3.75 (29'9" x 12'3"))
Living and dining area with wooden floor. Windows to the front elevation with door to the mez deck balcony. Kitchen to the rear of the space with a range of silver coloured wall and base units. Built in dishwasher, oven, hob and extractor. Matching cupboard door to cupboard for microwave. Space for fridge/freezer, tiled flooring. Circular stainless sink and drainer.
Bedroom 1 Suite
2.66 x 2.66 - Bedroom with window to the front elevation, carpeted flooring.
2.64 x 1.06 - Dressing area with built in double wardrobe with shelve and rail, carpeted flooring
En-Suite To Bedroom 1 (2.23 x 1.78 (7'3" x 5'10"))
Generous shower cubicle, toilet and wash hand basin with vanity beneath. Tiled flooring and part tiled walls.
Bedroom 2 (3.78 x 2.69 max (12'4" x 8'9" max))
Good sized double with window to the front elevation. Carpeted flooring
White suite comprising: Bath with shower over and glass style screen, wash hand basin and toilet with vanity beneath. Large mirror over, heated towel rail. Tiled flooring and part tiled walls
Foyer, Shared Garden And Car Park
A shared garden area is accessed from the first floor…The foyer is manned by a concierge 24 hours a day… door entry/intercom from the exterior to the apartment and the concierge… Secure parking beneath the apartments one space belonging to this apartment, ..
Leasehold…Service charge £348.08 per quarter, which includes:Concierge, communal cleaning, general maintenance of all communal areas and garden etc…Plus an additional fund to build up a maintenance reserve of £64.22 per quarter… Plus currently there is an additional shared cost fund of £348.08 per quarter to tackle the cladding issue…Ground rent per annum is: £150…such as seen in the press over the last few years this property has cladding …Therefore the management are currently charging an addition shared fund of £348.08 per quarter to tackle this issue…So the total per annum at this moment in time is £3469.36 …Whilst awaiting government advice on the copper cladding the management are currently improving the fire safety systems in the apartments which will be completed before the years end… In regards to the cladding the vendor has received an update to say the management company are getting quotes and it looks as though they will be able to do the work from the funds they have already saved as a group of owners, there may be a small shortfall to share amongst the 220 apartments…