Property Details - 11 Stafford House, Coopers Road, London

Photo of 11 Stafford House, Coopers Road, London

Withdrawn

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WITHDRAWN TILL 19TH FEBRUARY 2014 AUCTION

Lot 13

This first floor self-contained flat which offers one bedroom accommodation is found within a two storey detached purpose-built block on the west side of Coopers Road which itself runs between Old Kent Road (A2) and Rolls Road within this predominantly residential location to the north of Burgess Park. The Old Kent Road provides a road link toward the City, as well as a host for a local shopping facilities. Underground services run from Elephant & Castle and Borough stations, with a main line service running from South Bermondsey station. Let on an Assured Shorthold Tenancy at a current rent of £845pm (£10,140pa) with negotiations underway for an increase to £895pm (£10,740pa) although the ERV in the current market is thought to be circa £1,000pm (£12,000pa). The property is being sold with the investment income and will be of interest to investors.

Accommodation

Entrance hall, one bedroom, reception room, kitchen, bathroom and WC.

Tenure

Leasehold

Local Authority & Tax Rating

London Borough of Southwark. Tel: 020 7525 5000
Council Tax Band: A

Viewing Times

By appointment with the Auctioneers

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

11 Stafford House, Coopers Road, London

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