Initial price	£425,000
14/02/25	£400,000
Price Change	-5.88%

This 4th-floor, 2-bedroom apartment is being sold at auction on February 26th, 2025, with a guide price of £400,000. The property is situated in a gated development with a balcony and river views, and benefits from secure parking and proximity to Rotherhithe and Canada Water stations. The apartment is currently tenanted, earning £2,275 per month, but can be sold with vacant possession. However, it is best suited for cash buyers due to increasing ground rent. The property will be sold unconditionally, with a 5% buyer's premium and VAT (minimum £5,000+VAT) applicable. The buyer will be legally bound to purchase the property, and the vendor will be legally bound to sell. The auction conditions require full legal completion within 28 days following the auction. The seller may consider pre-auction offers prior to the auction date, subject to the same conditions.