A Well Located Fifth Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £27,000 Per Annum.

The property comprises a fifth floor one bedroom flat situated within a mid terrace building arranged over ground and seven upper floors. The building benefits from a lift.

Tenure

Leasehold. The property is held on a 189 year lease from 1st August 1975 (thus approximately 139 years unexpired).

Location

The property is situated in the highly sought after area of Lancaster Gate close to local shops and amenities. The open spaces of Kensington Gardens and Hyde Park are within easy reach. Transport links are provided by Lancaster Gate and Queensway underground stations (Central line) as well as Paddington rail station.

Accommodation

Fifth Floor Reception Room Kitchen Bedroom Bathroom

Exterior

The property benefits from a balcony.

Tenancy

The property is subject to an Assured Shorthold Tenancy at a rent of £2,250 per calendar month (holding over). We have been informed by the seller that the next rent review is due in August 2025 and that the tenancy agreement originally started back in 2018. Please refer to the legal pack for more information.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.