This property is being sold by MyLondonHome Marketplace. Conditions apply. Register and place a bid on our website by 12:00 hrs on 14th February 2019.
This brand new bright apartment measures 821 sq ft and has a large balcony with river views from this landmark development by St James, located on the South Bank of the River Thames on Albert Embankment.
This second floor apartment comprises an open-plan reception room with a luxury fitted kitchen, floor to ceiling windows, a large private balcony, fitted wardrobes to both of the double bedrooms, two stylish bathrooms, and a further utility cupboard.
Designed by Foster and Partners, residents of The Corniche benefit from a Skyline Club Lounge on the 19th floor, swimming pool, spa and vitality room, bowling and private cinema. Situated a few minutes walk away from Vauxhall or Westminster underground stations.
The current tenants are paying £680 per week / £35,360 per annum which achieves a 4.4% yield at asking price. The tenancy commenced 29/06/2018 as a 2 year contract with a 6 month break clause. A new owner can give notice to achieve vacant possession.
Leasehold: 997 years remaining
Service Charge: £5900 pa
Ground Rent: £750 pa
Agents Note. This property is for sale by MyLondonHome Marketplace. The process is similar to a normal property purchase but on acceptance of an offer the purchaser will pay a non-refundable reservation fee to secure the property. The buyer then has 40 working days to exchange contracts and a further 14 days to complete the purchase. Terms and conditions apply to the marketplace which is operated by MyLondonHome.
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
MyLondonHome shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Important Notes for Purchasers This property is being offered for sale by MyLondonHome Marketplace. To place a bid go to our website. Please ensure you register and fully read the instructions on how to make a bid online. It is important to note that if you are the successful bidder, you will pay MyLondonHome Marketplace 2.4% inclusive of VAT (of which £6,000 inclusive of VAT is taken immediately and the remainder due within 24 hours) on your bidding figure to reserve the property, allowing you 40 working days in which to exchange contracts, and a further 14 days to complete the purchase. Terms and conditions apply this method of sale, which is operated by MyLondonHome. For more information on how MyLondonHome Marketplace works please contact us.
For further information please contact Michael Anyaegbuna - 0207 227 4685
Amendments to Reservation Contract
1) The definition of Exclusivity Period in the Reservation Contract shall be amended so that it reads as follows: "The period of forty (40) business days (or such other period stated in the RESERVATION CONDITIONS) during which the BUYER has the exclusive right to buy the LOT"
This means that the buyer and seller shall have 40 business days to exchange from the end of this auction.
2) The Buyer and Seller agree that Clause R6.5 and R6.6 of the Reservation Contract shall be removed and shall not apply in relation to this Property. For the avoidance of doubt, the Buyer agrees that the Reservation Fee shall be non-refundable in all circumstances.
3) The Buyer and Seller agree that where a consent is required from the managing agents of the Property (where relevant), and such consent has not been provided by the managing agents within the Exclusivity Period (as amended above), the Exclusivity Period shall automatically extend by a further 40 business days (the Extension).