2 bed Flat For Sale £250,000
47 Empress Street, London, SE17 3HH

For Sale By Public Auction on 14 September 2023 starting at 09:00 AM - Live-streamed Auction

A Leasehold Duplex Flat Investment Property Current Gross Income: £26,400 pa.



A duplex apartment within a purpose build block of similar properties. Conveniently located for Kennington and Elephant and Castle tube station.

Accommodation
Reception Room, Bathroom, Kitchen, Two Bedrooms.
We have not inspected the property and as such the accommodation should not be relied upon.

Energy Performance Rating
C

Tenure
The property is leasehold for a term of 125 years with effect from 1988, having approximately 90 years unexpired. We are advised that the ground rent payable is £10 per annum.
We have not had sight of the long leasehold documentation however copies of this and the tenancy agreement will be available for inspection within the legal pack.

Auctioneer's Note
The Auctioneers have not had sight of the tenancy agreement at the time of going to print and the tenancy details should not be relied upon.

Viewing Times
External viewings only.

Tenancy Details
The property is let by way of an Assured Shorthold Tenancy for 12 months with effect from the 1st February 2023 at a rent of £2,200 per calendar month (£26,400 per annum).

Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe’s website.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneer's expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.

Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe’s website.