102 Sovereign Tower 1 Emily Street,, London, E16 1LU
- Conditional Online Auction Sale
- Bedrooms: 2
GOTO ONLINE AUCTIONS OFFER FOR SALE THIS 2 BEDROOM APARTMENT IN E16
Tenure
LEASEHOLD
Description
**VIDEO TOUR OF PROPERTY NOW AVAILABLE ON REQUEST**
Offered for sale is this very well-presented and spacious Two Bedroom apartment set on the 1st floor of Sovereign Tower, part of the highly desirable Royal Gateway Development, affording stunning river views across the Thames from the roof top garden.
The apartment comprises a bright & airy lounge through to an open plan kitchen/dining area equipped with Smeg kitchen appliances. The two double bedrooms have floor to ceiling fitted wardrobes, with an en-suite to the master bedroom and a contemporary family bathroom.
Additional benefits include: two balconies, a quiet, private communal garden (on the same level as the apartment), a roof top garden with panoramic city views, a 7-day concierge service, secure entry system and secure bike storage.
This luxurious apartment is offered in excellent condition, benefits from high ceilings and spans approx. 807 sq ft. The property would make an ideal purchase or rental investment so an internal viewing is highly recommended.
Please book a viewing online today to avoid missing out!
*** PLEASE CLICK ON THE BROCHURE LINK TO ARRANGE YOUR VIEWING ***
Location
Sovereign Tower is situated moments away from an array of shops, restaurants and local amenities and just 5 minutes walk from Canning Town Station (Jubilee and DLR). The new Crossrail interchange at Custom House is a short distance from this development providing easy access into Canary Wharf, the City, West End and Heathrow Airport. City Airport is 10 minutes away by DLR.
There are also a variety of reliable bus links close by affording easy access into Stratford with the extensive shopping, bars and restaurants of Westfield Stratford within easy reach.
Great road links are offered with A13, A406 North Circular and the M11 being just a short distance away.
Lease Information
We have been informed by the current owners of the following:
Lease Term Remaining: 246yrs
Service Charge: £3,119pa
Ground Rent: £650pa
EPC Rating
CURRENT 81/81 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 reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. 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.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £7,782 including VAT and a legal pack charge of £372 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.
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 the fee specified above 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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