Lot 37 - 40(B) Formosa Street, Maida Vale, W9 2JP
 
 

About the property

Leasehold Flat Investment

In Same Ownership for approximately 26 years

City of Westminster

Situated off Warwick Avenue in this most sought after residential area close to the local shopping facilities available in Maida Vale and Warwick Avenue Underground Station (Bakerloo Line).

A Self-Contained Third Floor Flat with accommodation comprising:
•Living Room
•Bedroom (One)
•Bedroom (Two)
•Kitchen
•Bathroom/WC

The property is subject to a Regulated Tenancy paying a registered rent of £233 per week (effective date 4th March 2020).

Producing £12,116 per annum

Leasehold. A new 125 year lease is to be granted from completion at a ground rent of £400 per annum rising.

EPC Rating: D

Inspection: By arrangement with the Auctioneers

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Legal Documents
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*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (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. Guide prices will be continually updated on our website up until the day of the auction.

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The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

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