A two-bedroom first-floor flat in Peckham Road, London. Vacant, ideal for investors, and in need of modernisation (Title number: TGL550568)
FOR SALE BY AUCTION: To be sold by public auction on the instruction of the executors. A two-bedroom first-floor flat in Peckham Road, London. Vacant, ideal for investors, and in need of modernisation. To be sold via online bidding on Friday, 1 December 2023.
Auctioneers comments: 'This Lot offers an opportunity to buy a vacant two-bedroom flat with two receptions in need of modernisation throughout.'
Auction date
The property is to be sold by public auction on Friday, 1 December 2023 via a 2-hour online bidding window.
Description
Two-bedrooms, two receptions, 999 year leasehold, vacant, 646 SQFT
Location
Peckham Road, London, 0.8 miles to Peckham Rye Train Station
Accommodation
First floor: two bedrooms, two reception rooms, kitchen, bathroom
Outside
Communal area
EPC rating
C
Tenure
Leasehold with vacant possession
25 August 2020 and expiring 24 August 3019
Local authority and council tax band
London Borough of Southwark
Council tax band: C
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 1.75% plus VAT (min. fee of £1,750 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
Lot 83 - Flat 3 Goschen House, 68 Peckham Road, London, SE5 8QE
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