Overview
A highly reversionary residential investment asset, with an aggregate passing rental income of £5,760 per annum. The property would suit rental investors or an owner-occupier end user (subject to relevant planning permission).

For sale by online auction (subject to sale prior, reserve and conditions).

Description
A 19th century Grade II listed townhouse currently split into four flats. It is a highly reversionary investment and would suit residential investors or an owner-occupier end user (subject to relevant planning permission).

It is currently arranged as 3 x one-bedroom flats and 1 x two-bedroom flat, and externally it has private front and rear gardens.

The property is located on a quiet residential street on the edge of Blackheath and is a short walking distance from Blackheath Station.

Location
The property is located on Eliot Place, a quiet residential street in the south-east London suburb of Blackheath.

The property is in a prime situation on the edge of the heath, with views across London. The property is a short walking distance from Blackheath Station which provides regular services to London Bridge and London Victoria.

Blackheath is a well-established residential and retail area, with a variety of occupiers, including Jigsaw, Gail’s and Morrisons.

Accommodation
The accommodation has been measured on an IPMS 3B basis and the approximate areas comprise:

Basement & Ground Floor Flat: 1,625 sq ft / 151 sq m
First Floor Flat: 559 sq ft / 52 sq m
Second Floor Flat: 603 sq ft / 56 sq m
Third Floor Flat: 570 sq ft / 53 sq m
Total: 3,358 sq ft / 312 sq m

Important Notices
This property is available for sale by online auction. Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. There is no charge for registering. Buyers should allow sufficient time to complete this process before the time period expires. Full details can be found on Fisher German’s online auction page: www.fishergerman.co.uk/current-auctions

Title Number
275091

Tenancy Details
Three out of the four flats are occupied on a rolling basis, as per the schedule below.

Basement and Ground Floor Flat: £1,920 per annum
First Floor Flat: Vacant
Second Floor Flat: £1,920 per annum
Third Floor Flat: £1,920 per annum

Legal Pack
A legal pack and any special conditions will be available on Fisher German’s online auction page and interested parties will need to register before accessing the legal documents. It is the responsibility of a prospective buyer to make all necessary enquiries prior to the auction.

Condition of Sale
The property will, unless previously withdrawn, be sold subject to common auction conditions and special conditions of each sale may be found in the legal documents section of the Fisher German online auction page. Each buyer shall be deemed to have notice of each condition and all the terms thereof and to bid on those terms whether they shall have inspected the said conditions or not.

Completion
Completion will take place 20 working days after exchange of contracts, unless otherwise varied and specified in the legal pack.

Buyers Fees
The purchase of this property is subject to a combined buyer and admin fee of £18,360 incl VAT (£3,960 + £14,400) as stated on the auction listing. These fees will be automatically collected at the end of the auction from the registered payment card. In addition, the buyer will be required to reimburse the cost of searches, being £202.75 in addition to the contract price collected via the lawyers on completion.

Deposit
The balance of the 10% deposit shall be transferred by the buyer to their solicitor for onward transmission by 12 noon the following working day to the seller’s lawyer. It is therefore essential that you instruct your solicitor ahead of the auction.

Tenure
Freehold

Council Tax
Basement and Ground Floor Flat: Band C
First Floor Flat: Band B
Second Floor Flat: Band B
Third Floor Flat: Band B

Council tax is payable on each individual flat and occupiers will be responsible for paying it direct to the local authority.

Legal Costs
Each party to bear their own legal costs in respect of this transaction excluding the cost for searches.

VAT
VAT is not chargeable in respect of this transaction.

Finance Your Purchase
If you require advice on how to finance a purchase through Auction, please go to www.cherrystreetfinance.com our trusted partners, or ask our team for further details.

Services
We understand that mains services are connected to the building including electric, water and mains drainage.

We confirm we have not tested any of the service installations and any occupiers must satisfy themselves as to the state and condition of such items.

EPC
E - Individual assessments for each flat.

Fixtures & Fittings
Any fixtures and fittings not expressly mentioned within these particulars are excluded from the letting.

Anti Money Laundering
The successful buyer will be required to submit information to comply with Anti Money Laundering Regulations.

Viewings
Sarah Connell - London Office, Fisher German LLP
07850 892874
Viewings strictly by appointment only