• 1 bedroom apartment with balcony in SW11

• Investment, producing £30,939.96 per annum

• Close to amenities of Nine Elms, Battersea and Vauxhall

• Close to River Thames

• To be sold by Knight Frank Auctions on 24th October 2024 (will not be sold prior)

Property Description

On the instructions of the Joint Receivers

A twelfth floor 1 bedroom apartment extending to approx. 575 sq. ft, forming part of a modern development.

Accommodation
Open Plan Reception / Kitchen, Bedroom, Bathroom with WC, balcony

Viewings
There will be no viewings for this property

Knight Frank have not inspected the property. The internal photos, accommodation and floor plan have been provided by the vendor. 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 subject property is located along Malthouse Road, close to its junction with Ponton Road, within Nine Elms (London Borough of Wandsworth). It is situated in a predominantly residential area, containing housing of varying style and character, convenient for all local amenities, shops and public transport. Vauxhall (Victoria Line) London Underground Station and Battersea Park Overground Station are located nearby, offering a frequent commuter service into Central London. Numerous bus routes serve the surrounding area.

Tenancies

The property is let on a AST expiring 13/07/2025, producing £2,578.33 pcm (£30,936.96 pa). There is a mutual break with 2 month’s notice from 13/07/2024.

Tenure

Leasehold - Expiry Date is 31/07/3019 (approximately 994 years remaining). The ground rent is £300 per annum. Refer to legal pack for further information, including the service charge.

EPC Rating

B

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.