Sold for £107,500

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A first floor studio flat held on a long lease and let on an assured shorthold tenancy producing £8700 pa.

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Description/Location

The flat is situated in an established residential road close to Norwood Junction Station (rail and tube, 0.5 miles). Let on an AST (periodic status) at £725 pcm.

Tenure

Leasehold: 125 years from 29/09/2012

Local Authority

London Borough of Croydon

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

First Floor: Front door, studio room, kitchen, bathroom.

Rent

Current Rent: £8700 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.