Studio for sale in Kidderminster Road, Croydon CR0

Summary

Located on Kidderminster Road, this studio presents an enticing opportunity for investment or as a first-time purchase, especially suitable for professionals or young couples. Boasting a lease with a substantial 116 years remaining, this property offers both security and potential for long-term growth. With a ground rent of 350 per annum and a service charge of 1850 per annum, the financial obligations are minimal, making it an attractive option for those seeking security in their investment.

Situated strategically for commuters, Kidderminster Road provides convenient access to both East and West Croydon stations, facilitating swift journeys into The City. Whether it's catching fast trains to Victoria via Clapham Junction from East Croydon or commuting to London Bridge from West Croydon, the transportation options are diverse and efficient. Furthermore, the locality benefits from an extensive network of local bus routes and a frequent tram service, ensuring accessibility is not limited to just the train lines.

Beyond its exceptional connectivity, the area surrounding Kidderminster Road offers a vibrant urban lifestyle. Croydon town centre, in close proximity, boasts a dynamic high street teeming with a variety of esteemed local amenities. From traditional butchers and greengrocers to florists and supermarkets, residents enjoy a diverse range of conveniences at their doorstep. This blend of urban accessibility and local charm makes Kidderminster Road a compelling destination for both investors and homeowners seeking a balanced lifestyle.

*Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid 110,000*

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 116
Annual Ground Rent Amount: 350.00
Annual Service Charge Amount: 1,850.00

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.