LEASEHOLD
The Property
Stunning one bedroom ground floor apartment set in a prestigious red brick mansion block in the heart of Little Venice, close to fashionable shops and amenities. The property has been beautifully maintained and appointed by the current owner, offering bright, well planned accommodation with stylish interiors and neutral finish throughout - ideal for homeowner or investor, or as a bijou pied a terre in this fantastic prime residential location. Features include an inviting reception room, separate sleek fitted kitchen, stylish shower room, 24 hour porter services and long lease. Please note, the property is currently tenanted - tenant is due to vacate no later than 12th June 2025.
The property is very conveniently located within easy access of stations at Warwick Avenue, Maida Vale, Westbourne Park and Royal Oak, all providing excellent underground links into Central London and the City, as well as an array of local bus routes. There are a variety of shops, bars, restaurants and amenities within a short distance, as well as the nearby Regent's Canal and Little Venice district with riverside cafes and bars.
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Lease Information
The lease on the property expires on 15/03/2155. All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.
Service Charges
£4,577.50 p/a (2024). All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.
Property ownership information
Ground rent review period: No review period
Service charge review period: Every 1 year
Lease Information: Commencing on 9 February 2015 expiring on 15 March 2155
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
CURRENT 53/67 POTENTIAL
This property is offered for sale via the Reservation Fee Service which is a flexible and buyer friendly method of purchase. The purchaser will be given 90 working days in which to 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 Merchant 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 Merchant 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 Merchant.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £8,292 including VAT and a legal pack charge of £396 including VAT. This reserves the property for the buyer during the Reservation Period. 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 is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.