• Extended semi-detached house arranged as three self-contained flats

• Fully let, producing £46,800 per annum

• Asset management opportunities

• Large rear garden

• To be offered for sale via Knight Frank Auctions on Thursday 19th September

Property Description

On the instructions of the Receivers.

The property comprises an extended three floor semi-detached house, arranged as three self-contained flats; one on each floor. It has been extended to measure at approximately 1,980 sq. ft. and is fully let, producing £3,900 pcm (£46,800 pa).

Flat A is on the ground floor and comprises a three-bedroom flat, extending to approximately 689 sq. ft. The accommodation consists of a living room/kitchen, bathroom with w/c and three bedrooms. The flat is let on an AST producing £1,325 pcm (£15,900 pa).

Flat B is on the first floor and comprises a three-bedroom flat, extending to approximately 721 sq. ft. The accommodation consists of a living room/kitchen, bathroom with w/c and three bedrooms. The flat is let on an AST producing £1,400 pcm (£16,800 pa).

Flat C is on the second floor and comprises a two-bedroom flat, extending to approximately 570 sq. ft. The accommodation consists of a living room/kitchen, bathroom with w/c and two bedrooms. The flat is let on an AST producing £1,175 pcm (£14,100 pa).

The rear garden is currently arranged as two gardens. Flat A benefits from direct access and Flat B has use of the far end of the garden via the side access at the front of the property.

The property offers various asset management opportunities, subject to obtaining the necessary consents and existing tenancies.

Open House Viewings:
• Saturday 31st August, 11:00 - 12:00 midday
• Monday 9th September, 12:00 midday – 13:00
• Saturday 14th September, 11:00 – 12:00 midday
Please simply arrive at the start time

This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.

Location

The property is situated on a quiet residential road in South Croydon, west of Brighton Road and backs onto Haling Grove Park. The location benefits from excellent road and public transport links, including Sanderstead, Purley Oaks and South Croydon Train Stations. A wide array of recreational facilities and amenities can be found locally.

Tenure

Freehold

EPC Rating

C & D

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. 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 of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. 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 and take professional advice 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.