For Sale1 Bedroom Flat in Camberwell Road, London£180,000

To be sold by online auction (unconditional) on Thursday 27th February 2025 with a 6 WEEK COMPLETION, bidding will open at 10.00. A vacant, long lease, top floor flat situated close to local shops with good transport links via Kennington (Northern) and Elephant & Castle (Northern and Bakerloo) Underground Stations, providing a direct connection to London Bridge. An ideal letting investment with an estimated rental value of £1,500 pcm, producing a gross yield of 10% per annum, based on the guide price. Auction To be sold by online auction (unconditional) on Thursday 27th February 2025 with a 6 WEEK COMPLETION, bidding will open at 10.00. To view Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk Registration All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account. Tenure Leasehold with vacant possession Lease 215 years from 25 December 1985 - 176 years remaining Ground rent and service charge Please see legal pack for further details. EPC rating D Council tax band TBC Legal pack For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. Guide prices Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price. Additional fees A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding. Pre-auction offers These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction". Mortgage finance We advise bidders who require a mortgage to confirm with their Financial Advisor as to the suitability of securing finance against this property prior to bidding.