Property description

**For Sale By Auction on 27th February 2014**

A Seventh Floor Two Bedroom Flat Subject to an Assured Shorthold Tenancy producing £9,540 per annum

Guide Price = £80,000+

Tenure
Leasehold. The property is held on a 126 year lease from 29th February 1988 (thus approximately 100 years unexpired.)

Location
The property is situated in the south east London area of Abbey Wood close to local shops and amenities. Transport links are provided by Abbey Wood rail station.

Description
The property comprises a seventh floor two bedroom flat situated within a purpose built block arranged over ground and twelve upper floors

Accommodation
Seventh Floor
Reception Room
Two Bedrooms
Kitchen Bathroom
with WC and wash basin

Tenancy
The property is subject to an Assured Shorthold Tenancy commencing on 10th April 2013 for a term of 12 months at a rent of £795 pcm.

Current Rent Reserved £9,540 per annum

Note
The LHA rates for SE2 9TW are £194.57 per week. Thus potential rental income is £10,117.64 per annum