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Lot - 13 Venus Mews, Mitcham, Surrey, CR4 3FE

Guide Price* £160,000 +

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Property Type
Flat
Tenure
Leasehold
Type
Residential
Bedrooms
1
Bidder Security Deposit
£3,500*

Property Summary

  • Long leasehold ground floor purpose built flat
  • Bedroom, reception room, kitchen, shower room/wc,
  • Designated parking space, private rear courtyard
  • Close to amenities and transport facilities
  • Investment producing £18,000 per annum

Long leasehold ground floor purpose-built one bedroom flat with a designated parking space - Investment producing £18,000 per annum.

Description

Long leasehold ground floor purpose-built one bedroom flat with designated parking space.

Location

The property is situated off Church Road via Miles Road. Public transport facilities include Mitcham and Belgrave Walk (Tramlink) stations, along with Morden underground (Northern line) station close-by. Shopping amenities can be found at London Road and Upper Green West. Recreational pursuits are at the Mitcham Common and Morden Hall Park.

Accommodation

Reception room, bedroom, kitchen, shower room/wc

Outside: Designated parking space, private rear courtyard.

Total floor area approximately 37sq.m (398.26 sq.ft)

The property benefits from gas central heating (not tested).

Tenancy

Let on an assured shorthold tenancy (rolling contract) for 12 months from 20/8/2022 at a rent of £1,500 per month.

Total current rent received £18,000 per annum

Lease Details

Held on a lease for a term of 999 years (less 3 days) from 14/3/2008 at a ground rent of £1 per annum.

EPC Rating

C

Council Tax Band

B

VAT

VAT is not applicable to this lot

Disclaimer*

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

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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