• To be offered by Knight Frank Auctions on 26 September 2023

• A Freehold building arranged as 2 self-contained purpose built maisonettes.

• EPC: C & E

• Council Tax Band: C

Property Description

A Freehold building arranged as 2 self-contained purpose built maisonettes. Ground floor maisonette sold-off on a long lease with the first floor maisonette (840 sqft) subject to a reversionary AST.

A Freehold building arranged as two purpose built self-contained maisonettes.

25 Glasford Street - Sold off on a long lease.
Lease: 173 years from 01.11.1999, thus 149+ years remaining.

25A Glasford Street

First floor 696 sqft (64.7 sqm) maisonette subject to an AST and comprising -

- Reception
- 2 bedrooms
- Kitchen; through to
- Bathroom with WC & WB

Externally - there is an external staircase which leads to a private split of the rear garden.

AST - Producing a rent of £10,800 pa (£900 pcm). The rent has not been reviewed for 8 years and is considered reversionary.

Open House Viewings:
Wednesday 13th September - 11:00am - 11:30am
Thursday 21st September - 11:00am-11:30am
Please simply arrive at the start time

Location

The area benefits from excellent transport links with Tooting Station and Tooting Broadway station conveniently located within walking distance and Colliers Wood Station within 1 mile. Residents benefit from an array of local amenities including local eateries and Café’s as well as the High St Shops and Restaurants in Tooting Broadway. Grocery stores include Tesco Express, Sainsbury’s Local and VB & Sons. Open green spaces can be enjoyed at local Gorringe Park. Also, within walking distance Tooting Commons provides an Athletics Track & Gym and facilities for Football, Tennis and Cricket. Within 0.5 miles there are a number of schools including Tooting Primary School, St Boniface RC Primary School and Sellincourt Primary School.

Tenure

Freehold

EPC Rating

C & E

Buyers fee

The buyers fee is £1500 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 Knight Frank Auctions’ website. 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 Auction Conduct Guide.