Our Summary

• ** For Sale By Online Auction** Pre Auction Offers Considered** Cash Buyers Only** We are pleased to present this one bedroom first-floor flat with great potential, located in the lively area of South Norwood, London SE25
• For sale with with tenants in situ, this property offers an attractive investment opportunity for buyers seeking rental income, as well as the potential to add value through refurbishment
• Additional Information - Tenure - Leasehold Lease - 99 years from 24th June 1986 - 61 years remaining Service Charge - £650 pa Ground Rent - £200 pa Sold With Tenants In Situ - Current Rental £950pcm Traditional Terms & Conditions - This property is for sale via Online Auction
• This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
• The auction will run for 3 hours on a set date and time chosen by the vendor of the property
• The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount
• Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
• The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives
• Properties may be sold prior to public auction if an offer is accepted by the vendors
• **Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction
• **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold