2 Bed Apartment For Sale

Interested parties should contact Knight Frank Auctions for further information.



Description

On instructions of the Joint Receivers.



Situated on Wilton Crescent; regarded as one of the best addresses in Belgravia, this recently refurbished two bedroom duplex apartment forms part of a Grade II listed white stucco-fronted building and benefits from direct lift access and covers approximately 1,397 square feet.



Accommodation is arranged over the second and third floors and comprises reception room, dining room and kitchen on the second, together with two bedroom suites and separate cloakroom on the third floor.



Tenure

90.5 years from 06/06/2008 (thus approximately 73 years remaining).

Benefits from a signed option to extend the lease for a £193,700 premium.

Ground rent is peppercorn.

There is currently no service charge being charged at the building as a result of the Receivership. A suitable maintenance programme will need to be agreed between the landlord and the residents. The sale will exclude any service charge liabilities for works pre-dating completion.



Note

We have been advised by our client that refurbishment works have been carried out to the Property and other parts of the building. A number of these works pre-date the appointment of the Joint Receivers and the information that they hold regarding the same is limited. The sale will be without warranty that all necessary consents were obtained for these works.



The property is being marketed for sale on behalf of Joint Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the Property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability.



Location

Wilton Crescent is regarded as one of the best addresses in Belgravia located conveniently close to Hyde Park, Knightsbridge and Mayfair. Hyde Park Corner and Knightsbridge stations are a short trip and the area is highly regarded for ample amenities and recreational facilities.



Occupancy

Vacant



The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.



Auction Details

The sale of this property will take place on the stated date by way of and is being sold as Unconditional.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to the Common Auction Conditions and Extra General Conditions.



Auctioneer Fees and Deposit

The following deposits and non-refundable auctioneer fees apply:



• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.

• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.



The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.



Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions website.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.



Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.