Studio Flat For Sale £300,000
427 Chelsea Cloisters Sloane Avenue, London, SW3 3EG

Interested parties should contact Knight Frank Auctions for further information.

Description
The property is arranged as a studio apartment comprising a reception/bedroom, separate kitchen and separate bathroom with bath, wc and wash basin.

Leasehold Information:
Length of lease: 125 years from 24 June 1985
Current ground rent: £66.00 pa
Ground rent review period: TBC
Current service charge: £2,761.00 pa
Service charge review period: TBC

This information should be clarified in the legal pack and we'll update the information above when we receive it.

The Lease is awaited as is not currently available from Land Registry and will be provided by the sellers solicitor on receipt. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Location
Chelsea Cloisters is located on Sloane Avenue in the heart of Chelsea and is ideally situated for the Kings Road and Sloane Square both of which provide an array of shops, restaurants and transport links that include Circle and District lines.

Occupancy
Vacant

Tenure
Leasehold

Leasehold Information
Length of lease: 125 years from 24 June 1985
Current ground rent: £66.00 pa
Ground rent review period: TBC
Current service charge: £2,761.00 pa
Service charge review period: TBC

This information should be clarified in the legal pack and we'll update the information above when we receive it.

The Lease is awaited as is not currently avaliable from Land Registry and will be provided by the sellers solicitor on receipt. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Buyers Fee
The buyers fee is £1,500 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to 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.

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.