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1 bed Flat For Sale £270,000
4 Wapping Lane, London E1W


Description
Discounted price - cash buyers only - no viewings available.

A stunning 1 bed, leasehold flat with balcony across the road from Tobacco Docks and on the edge of the popular historical area of St. Katharine's & Wapping*

The property has been well maintained and is in ready to move in condition. Both the kitchen and bathroom were replaced in 2004 (appx).

The building has recently been assessed for external wall system (ews) issues and remedial work is expected to cost appx £10,000 per flat.

Appx 7 minutes walk to Shadwell and Wapping tube stations and less than 30 minutes by tube to central London and The City, the property is in a fantastic location for recreational facilities and occupation purposes.

Currently tenanted with 1 year remaining of a 2 year AST and no arrears, rent is £1500 p/cm.

* 110 years on lease
* Ground rent + s/charge £2000 per year
* Approx. 587 sq ft Balcony

*St. Katharine's & Wapping is a former docklands area known for the Tower of London, a fortress overlooking the River Thames. Dating from the 11th century, the tower is home to the Crown Jewels, gem-studded regalia used in coronations. Bars and upscale eateries with outdoor seating surround a marina at St. Katharine Docks, while a few historic, wood-beamed pubs sit beside smart apartment buildings on the riverside.

This property is only available for purchasers who are not in a chain.

**This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable deposit of 1% (minimum of £2,500), which secures the transaction and takes the property off the market.

The buyer will be required to sign a purchaser's agreement to confirm acceptance of terms prior to solicitors being instructed. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change.

Terms and conditions apply to the Modern Method of Auction and can can be viewed in full on National Residential's website.

Buyers - How it works

The Online National Residential Agency modern auctions enable buyers to make and monitor offers online 24 hours a day from any internet connected device. We ensure that buyers get a fantastic service and have the best possible opportunity to buy the property they want at a discounted price, quickly.

We market all properties at attractive 'Offers Over' prices to encourage a viewings and to achieve quick sale within 28 days. We send regular weekly sms messages to remind buyers of the current highest offers and the Best and Final date therefore ensuring buyers have every opportunity to make and increase their bid at any time and not to miss out on a great property.

Please note: The end date is not fixed and if an acceptable offer is made beforehand then it may be accepted and the property withdrawn from sale so it is advised to make your offer as soon as possible.

Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

These particulars do not constitute part or all of an offer or contract. Any measurements indicated are supplied for guidance only and as such must be considered incorrect. Potential buyers are advised to recheck the measurements before committing to any expense.

National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an inquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.

**Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply.

Follow the link for more information:
        
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