September 2020: Thursday 24 September 2020 - 9:00am
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Floorplan
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    Key features

    • Excellent investment opportunity
    • 6 x 1 bedroom self-contained flats producing £61,500 per annum
    • Close to public transport with frequent rail service to London Bridge (22 mins)
    • Residents parking

    Description

    The property comprises the first and second floors being the eastern end of Falconwood Parade and forms close to half of the parade. Access to the flats is from a communal door from the front, residents parking is to the rear of the property.

    Additional information

    Tenure

    Leasehold. 125 years from 14th July 2006 at a ground rent to be advised

    Accommodation

    Flat 21a, First Floor - Reception Room, Kitchen, Bedroom, Bathroom/WC

    Flat 21b, First and Second Floor - Open plan Kitchen/Reception Room, Bedroom, Bathroom/WC

    Flat 22a, First and Second Floor - Open plan Kitchen/Reception Room, Bedroom, Bathroom/WC

    Flat 22b, First and Second Floor - Open plan Kitchen/Reception Room, Bedroom, Bathroom/WC

    Flat 23a, First Floor - Reception Room, Kitchen, Bedroom, Bathroom/WC

    Flat 23b, First Floor - Reception Room, Kitchen, Bedroom, Bathroom/WC

    Tenancy

    Flat 21a, Let on a 12 month assured shorthold tenancy from 14/10/2017 at a rent of £10,200 per annum

    Flat 21b, Let on a 12 month assured shorthold tenancy from 04/08/2011 at a rent of £10,200 per annum

    Flat 22a, Let on a 12 month assured shorthold tenancy from 24/05/2013 at a rent of £10,200 per annum

    Flat 22b, Let on a 6 month assured shorthold tenancy from 28/10/2017 at a rent of £10,200 per annum

    Flat 23a, Let on a 12 month assured shorthold tenancy from 27/05/2011 at a rent of £10,200 per annum

    Flat 23b, Let on a 6 month assured shorthold tenancy from 16/01/2018 at a rent of £10,500 per annum

    Rent

    Total current rent £61,500 per annum.
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Situated within a well established residential area overlooking Falconwood Park.

      The local centres of Welling and Blackfen are within walking distance.

      Close to Falconwood and Welling Station which provides a frequent link to London Bridge with a journey time of approximately 22 minutes


      Transport

      Falconwood, Welling (National Rail)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums