Property Auctions - property for sale chelsea
Auction date: Tue, 19/11/2024 - 09:00
Guide price £685,000. Of interest to investors, a leasehold first floor self-contained one bedroom flat within a terrace building arranged on raised ground, lower ground and four upper floors. Subject to an assured shorthold tenancy holding over at a rent of £1,773.66 per month (£21,283.92 per annum equivalent).
Auction date: Thu, 21/11/2024 - 10:00
Guide Price £395,000. Long leasehold first floor one bedroom mansion flat in sought after location. The property comprises a smart communal entrance with 24 hour porter, a passenger and tradesmans's lift, entrance hall, reception room with kitchenette, double bedroom, bathroom and qualification for RBKC parking permits. GIA approximately 39.2 sq.m (422 sq.ft). Held on a lease from 16/2/1088 to 22/12/2933 (thus 909 years remaining) at a ground rent of £25 per annum.
Auction date: Wed, 13/11/2024 - 10:00
Guide Price £165,000. A well located vacant second floor studio flat situated within a purpose built block arranged over ground and three upper floors. Situated on a residential road close to local shops and amenities. Leasehold. The property is held on a 125 year lease from 2024.
Auction date: Thu, 31/10/2024 - 12:00
Guide Price £395,000. The property is an end of terraced dwelling that is made up of a commercial unit occupying the basement and ground floor levels and two self-contained two bedroom flats above. The flats have been sold off on long leases of 150 years and produce a ground rent income of £125 per annum each. The ground floor and basement is let on a law society lease for a period of 7 years from 1st March 2021. The lease applies pre-determined rent reviews and is currently producing £28,000 per annum. This rent will rise to £29,000 in 2025 and again to £30,000 for the period 2026 to 2027. Therefore, the current income that is being produced is £28,250. However, the auctioneers have been advised by the client that the Freeholder pays the insurance premium of a rounded amount of £843 that is not recoverable, and as such the net income is £27,407 per annum. The property is sold with the benefit of this income and will be of interest to investment buyers.
Auction date: Tue, 15/10/2024 - 08:30
Guide Price £80,000. A vacant second floor studio flat situated within a mid terrace building arranged over lower ground, ground and three upper floors. The property shares a bathroom with one of the neighboring flats in the block. Situated on a residential road close to local shops and amenities. Leasehold. The property will be sold on a new 125 year underlease from completion.