1 bed apartment to buy in SE18

6th Floor One Bedroom Flat with Strong Investment Potential

Open house viewing by appointment only

Welcome to our online auction for the sale of a well-maintained 6th floor one bedroom flat located at 620 The Vista Building, 30 Calderwood Street. To access the legal documents pertaining to this property, please visit our website and download the comprehensive legal pack.

The property is leasehold, held on a 150-year lease from January 1st, 2004, providing approximately 128 years of unexpired lease term.

Conveniently located in the vibrant South East London area of Woolwich Town Centre, the property benefits from being right next door to Sainsbury's and in close proximity to local shops, amenities, and the beautiful Barrack Field. Excellent transport links are easily accessible, with Woolwich DLR, Woolwich Arsenal rail station, and the Woolwich Elizabeth line station (0.6 miles away) offering quick and convenient connections. Canary Wharf is just an 8-minute journey, Liverpool Street is reached in 14 minutes, and Tottenham Court Road is under 20 minutes away.

This fantastic property is situated within a secure, purpose-built development spanning ten upper floors, with the flat occupying the 6th floor. The accommodation comprises an open plan reception room and kitchen, balcony space, one bedroom, and one modern bathroom, providing comfortable, contemporary living spaces alongside the added luxury of a 24-hour concierge service.

The property has recently undergone extensive refurbishment and improvement works, including a upgraded electrical wiring with a new consumer unit, as well as a newly installed boiler.

Note on Lease Terms: It is worth noting that this property does not include an allocated parking space. For long-term investors, this is a notable benefit within the development, as it bypasses the high and rising ground rent obligations that apply specifically to the building's car park spaces, ensuring lower ongoing overheads.

The property is being offered with vacant possession. In the agent's opinion, there is excellent potential to rent the property for up to £1,500 per calendar month, offering a highly attractive and dependable return for landlords. It represents a 13.3% gross yield on the guide price.

Don't miss this excellent investment opportunity with uniquely clean lease terms! Join our online auction and seize the chance to acquire this premium one bedroom flat in The Vista Building with vacant possession.

· Council Tax Band: C

· Tenure: Leasehold

· Length of Lease Remaining: 128 years

· Annual Ground Rent Amount: £50.00

· Annual Service Charge Amount: £4,356.00

Length of Lease: 128
Annual Ground Rent Amount: £50.00
Annual Service Charge Amount: £4,356.00

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 3.75% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

Heating supply: Electric
Air conditioning: No
Mobile signal: Good

Construction

Year built: 1970

Building Safety

Property at particular risk of floods and/or erosion: No
Has flooded in last five years: No

Rights and Restrictions

Has public right of way: No

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