A tenanted two-bedroom leasehold apartment in Kingston upon Thames, London, with a garage. Ideal for investors. (Title numbers: TGL74770, SGL58844)
FOR SALE BY AUCTION: To be sold by public auction on the owner's instruction. A tenanted two-bedroom apartment in Kingston upon Thames, London, with a balcony, a garage in a block and an on-site caretaker with a gross annual yield of 8.2% (£20,400 pa). The building has two lifts and an attractive lobby area. Ideal for investors.. To be sold via online bidding on Friday, 29 November 2024.
Auctioneers comments: 'A unique apartment in a great London location which is ideal for investors.'
Auction date
The property is to be sold by public auction on Friday, 29 November 2024 via a 2-hour online bidding window.
Description
Two bedrooms, balcony, eighth floor, 796 sqft, garage in block
Location
Kingston upon Thames, Greater London, 0.4 miles to Kingston Hospital, 2.1 miles to Richmond Park, 2.1 miles to New Malden Rail Station
Accommodation
Eighth floor: two bedrooms, living room, kitchen, WC, shower room
Outside
Garage in a block, communal grounds, communal access lobby, two lifts
EPC rating
E
Tenure
Leasehold
Apartment TGL74770 999 years from 25 March 1967
Garage SGL58844 99 years from 25 March 1967
Local authority and council tax band
Royal Borough of Kingston upon Thames
Council tax band: D
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 1.5% plus VAT (min. fee of £2,100.00 plus VAT) of the purchase price and auction buying fee of £1,900.00 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 115 - Flat 85 Lakeside, 82 Eaton Drive, Kingston upon Thames, Surrey, KT2 7RA
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