Flat for sale in Sutton Street, London E1

Visit anytime 24/7 to make arrangements to view!

Forming part this aesthetically attractive and characterful red-brick period mansion-style building, Purplebricks take pride in exclusively offering to the market this one double bedroom second floor apartment.

Ideal for young professionals and investment purchasers alike, the flat comes with a well-presented interior, modern fixtures & fittings and is marketed with no onward chain.

With its high ceilings, the flat possesses a characterful feel. Additional benefits include a spacious lounge/diner, beautiful polished wood-effect flooring, secured entry via intercom facility, gas heating and double glazed windows.

The property stands enviably on the fringes of Shadwell, Whitechapel and Wapping, with both the City and Canary Wharf being virtually on the doorstep – the perfect location for investors or for city professionals alike!

Property Description

Being Sold by goto Online Auction

Starting Bids from £270,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.

To book a viewing visit Purplebricks

General Information

Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £9,900 including VAT plus an administration charge of £372 including VAT, a total of £10,272. This secures the transaction and takes the property off the market.

The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

Location

For the ease and convenience of commuters, the property lies within just moments of Shadwell DLR/Overground Station! Additionally, both Limehouse DLR and Wapping Overground stations are also easily accessible and are situated approximately 1⁄2 mile away. There are also superb local bus links in to the likes of the City, West End and Canary Wharf. The impending arrival of the much-heralded Elizabeth Line to nearby Whitechapel promises to make access through Central London and Heathrow Airport even speedier.

The apartment's favourable location means that you will have some of London's world famous cultural, culinary and social hotspots at your convenient disposal. There are also green open spaces in the vicinity – with King Edward Memorial Park and St George’s Gardens being just a virtual stone's throw away.

Whether you're in the mood for the vibrant diversity of Brick Lane and Columbia Road, or the bright lights and bustle of the City and West End, or maybe even some of the trendy hang-outs synonymous with the Shoreditch and Old Street areas, there really is something for everyone and access to all of this could hardly be easier!

Lease Information

Our client has advised us of the following:-

Lease Term : 125 years from 30 January 1989
Annual Service Charge - c£865
Annual Ground Rent - £10

Property Ownership Information

Tenure

Leasehold

Council Tax Band

B

Annual Ground Rent

£10.00

Ground Rent Review Period

No review period

Annual Service Charge

£865.00

Service Charge Review Period

No review period

Lease End Date

01/01/2114

Disclaimer For Virtual Viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.