completion 25th JUNE 2018
Located close to the junction with Devonshire Street in this prime London location being just a short walk of Regents Park (Bakerloo Line) and Great Portland Street Underground Stations (Circle, Hammersmith & City and Metropolitan Lines). A vast amount of shopping facilities can be found on Oxford Street and Regent Street approx. 1/2 mile south and the open spaces of Regent's Park are just to the north. Tesco Express, Sainsbury's Local, Pret, Pizza Express are just a sample of some nearby traders as well as a large variety of cafés and eateries on Great Portland Street which runs parallel.
Comprising a Self-Contained Studio Flat on the fifth floor within this attractive purpose built period residential building which is served by a Porter and passenger lift. The flat includes:
• Intercom system
• Fully furnished
• Washer Dryer
• Wooden flooring
• Built-in wardrobes
1 Room, Kitchen, Bathroom/WC
VAT is NOT applicable to this Lot
Leasehold for a term of 42 years from 24th June 1981 (having approx. 5 years unexpired) at a fixed ground rent of £75 p.a.
The property is let to an Individual on an AST for a term of 1 year from 10th March 2017 (holding over) at a current rent of £16,380 per annum exclusive.
Note: Upon the request of the Purchaser, the Vendor will, after exchange of contracts and prior to completion, serve a section 42 Notice drafted by the Purchaser's solicitor upon the Freeholder for a 90 year lease extension.