1 bedroom flat for sale, Hornsey Lane, Highgate N6

Placed: 01/11/17
Region: London
Location: London
Category: Real Estate


Content of the advertisement:

Property type: Flat, Number of bedrooms: 1

Ariston Property is pleased to present this well proportioned leasehold one bedroom apartment set on the 4th floor of this modern well maintained block conveniently located within easy reach of Archway and Highgate stations and an arrray of local shops, restaurants, and bars. The accommodation comprises fully fitted kitchen, separate living room, double bedrooms, full bathroom suite; newly refurbished throughout including new double glazing addtional benefits include communal heating and hot water, and amazing views over the London skyline. The property would be of particular interest to cash investors as comes subject to an AST agreement generating a gross annual rental income of £15,715.96. Services charges approx £1800 per annum including hot water and gas central heating. Lease term approx 900 years to run.

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by London and South East Property Auction powered by iam-sold Ltd. Reservation Fee is in addition to the final negotiated selling price.

Price / Salary: £295,000.00