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Flat 3/Morton Apartments 17 Lock Side Way, LONDON, E16 2HU

  • Conditional Online Auction Sale
  • Bedrooms: 2

GOTO ONLINE AUCTIONS PROUDLY PRESENTS THIS STUNNING 2 BED APARTMENT IN LONDON, E16

Tenure

LEASEHOLD

Description

Purplebricks take immense pride in being chosen to exclusively market this two double bedroom, two bathroom first floor modern-build waterside apartment.

Boasting approximately 900 square feet, the property comes superbly appointed with an array of modern, high spex fixtures & fittings together with a sleek, contemporary finish throughout.

The flat also features a large Winter Garden along with an exceptional amount of private outside space in the form of a 320 sq ft terrace with views over both the River Thames and Royal Albert Dock – ideal for al-fresco dining, family enjoyment, entertaining guests or for simply lazily whiling away the hours on a sunny day!

Further benefits include an en-suite shower room to Master Bedroom, secured entry via intercom function, generous built-in storage capacity, lift access and an on-site concierge service for the security and convenience of residents.

This property also comes with the huge added advantage of being marketed with NO ONWARD CHAIN!

Location
Morton Apartments, Lock Side Way forms part of the much admired and coveted Gallions Reach development - one of London’s most exciting and up-and-coming postcodes districts!

For the convenience of commuters, Gallions Reach DLR station is virtually on the doorstep – 7 min walk approx’, which conveniently connects to the Elizabeth Line (from Custom House).

The bustling financial district of Canary Wharf is just 2mins (one stop) and you can reach Heathrow Airport in just 56mins! The A406, A13, A12, M11 & M25 are all within convenient reach, making journeys both in and out of town via these key road links quick and easy.

For schooling, the borough features Outstanding-rated (as per Ofsted) high schools, and nationally recognised sixth form colleges such as Brampton Manor Academy. For shopping, there are many retail parks within 2miles radius with groceries, restaurants and branded outlets (some of them are – Gallions Reach Shopping Park, Beckton Triangle Park, Gateway Retail Park and Beckton Retail Park). For cultural diversity, nearby areas such as East Ham (3 miles away) boasts South Asian and Eastern European grocery shops, places of worship, and eateries.

The development is situated within metres of the mighty River Thames and Gallions Point Marina - and there is a fantastic array of contemporary shops, cafes and restaurants in the vicinity as well as access to the Uber Boat ferry service taking you all the way into Central London. Within around a 15 minute walk to the west, lies the green open spaces of New Beckton Park – perfect for recreation activities, children’s play, picnicking with friends and family, dog walking or for simply whiling away the hours on a sunny day!

The property is perfectly situated for providing convenient access to a number of London’s world class leisure facilities and transport links! The ExCeL London and London City Airport stand within just around two miles of the property. The IFS Cable Car and O2 Arena can be reachable

Property ownership information

Ground rent review period: No review period

Service charge review period: Every 1 year

Lease end date: 27/09/2140

Ground rent = £30.00 per month

Service charge = £2300 per annum

Property has doubling ground rent.

EPC Rating

current 86 / 86 potential

Opening Bid and Reserve Price

This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.

Comments

This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.

By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium 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 give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.

Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer's Premium of £17,100 including VAT, plus a buyer's administration charge of £372 including VAT, a total of £17,472. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.

The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.

All buyers will be required to verify their identity and provide proof of how the purchase will be funded.

Buyer's Administration Charge

If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £372.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Energy Performance Certificate (EPCs)

An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.

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01844 355023

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