Accommodation
We understand that the property provides the following accommodation:
Kitchen / Dining Area & Living Room | 25.13 ft x 12.49 ft |
Bedroom 1 | 10.74 ft x 9.49 ft |
Bedroom 2 | 9.85 ft x 7.54 ft |
Balcony | 72 sq ft |
Internal Area | 694 sq ft (64.5 sq m) |
A floor plan is available to download.
Tenure
Leasehold for a term of 999 years from 1st January 2011.
Tenancy
The property is let on an Assured Shorthold Tenancy (AST) for a term of 24 months from 27th July 2023, expiring on 26th July 2025 at a current rent of £45,600 per annum (£3,800 per month).
Service Charge
The service charge payable by the Landlord is as follows:
1st January 2024 to 1st June 2024 | £3,254.05 |
1st July 2024 to 31st December 2024 | £3,254.05 |
The service charge information is available to download via the data room.
Sales Evidence
Address | Date | Price | Beds |
B81, Ambassador Building, 5 New Union Square | Jun-24 | £1,230,000 | 2 |
F27 Legacy Building, Embassy Gardens | May-24 | £1,295,000 | 2 |
A194, Legacy Building, Embassy Gardens | May-24 | £1,160,900 | 2 |
D171, Legacy Building, Embassy Gardens | May-24 | £1,143,900 | 2 |
VAT
VAT is not applicable.
Proposal
We are instructed to seek a figure in excess of £875,000, subject to contract.
Please note that a purchaser will be re-charged the cost of the searches (£500.00 + VAT) which are provided in the data room.
Please note that a purchaser will be charged a Transaction Fee of 1.0% of the purchase price plus VAT.
Investment Considerations
An opportunity to acquire a Central London residential investment;
The property forms part of the prestigious Embassy Gardens development;
Stylish, contemporary two-bedroom apartment with private balcony;
Fully furnished;
Let on an AST producing £45,600 per annum;
The property is being offered at a discount to the vacant possession value.