• 1 bedroom apartment with balcony in Hoxton

• Investment, producing £21,900 per annum

• Close to Regents Canal

• Close to trendy areas of Hackney and Shoreditch

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

Property Description

Guide Price: £250,000 - £275,000

By order of the Joint Receivers.

A second floor 1 bedroom apartment forming part of a modern development. Benefits from canal-side location, together with a private balcony.

Accommodation
Open Plan Reception / Kitchen, Bedroom, Bathroom with WC, Juliette Balcony

Open House Viewings (please simply arrive at the start time)
*Tuesday 15th October, 12pm - 12:30pm
*Saturday 19th October, 10am - 10:30am
*Wednesday 23rd October, 11am-11:30am

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 in the popular Hoxton area, to the east of New Road and south of regents canal. The location benefits from excellent road and public transport links. A wide array of recreational facilities and amenities can be found locally.

Occupancy

Tenanted

Tenancies

The property is let on a AST expiring 06/05/2026, producing £1,825 pcm (£21,900 pa). There is a mutual break with 2 month’s notice from 06/05/2025

Tenure

Leasehold - Expiry Date is 25/01/3010 (approximately 986 years remaining). Ground rent is £250 per annum. Refer to legal pack for further information, including the service charge.

EPC Rating

C

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.