Studio for sale

Flat 10A Peters Court, Porchester Road, Paddington, London W2

Guide Price = £190,000+

**For Sale By Public Auction 2nd July 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Well Located Third Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £16,200 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from the 25th December 1971 (thus approximately 45 years unexpired).

Location
The property is situated in the highly sought after area of Paddingotn close to local shops and amenities. The open spaces of Hyde Park are within easy reach. Transport links are provided by Royal Oak underground station (Hammersmith & City line) and Marylebone rail station.

Description
The property comprises a third floor studio flat situated within a purpose built block arranged over ground and seven upper floors.

Accommodation
Third Floor
Studio Room
Kitchen
Bathroom

Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,350 per calendar month.

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
C


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