5 Village Court, Chelsea Village, London SW6 1HZ
This purpose built flat forms part of the Chelsea Village development within the confines of Stamford Bridge, home of London’s most successful team in recent years, Chelsea Football Club. The flat is attached to the Shed End of the ground. The re-development of Stamford Bridge into a 60,000 all seater stadium has been well documented and as part of the current planning permission granted in March 2017, should it be implemented, then all leasehold flats will have to be purchased by the football club before any development can be commenced as advised in the planning notice. The development process has at present been put on hold whilst Chelsea FC assess their current options. We have seen documentation that Chelsea Football Club own and have control of 36 of the 38 properties, therefore only two remain in private ownership. Any intending purchaser should of course make their own enquiries as to any future development of Stamford Bridge. However, in the event that a ground development is pursued within the near or long term future, then this of course will be an exceedingly valuable asset within the scheme of things and thus may have potential to grow significantly in value. The property is sold with vacant possession. PLEASE NOTE THAT THIS PROPERTY WILL BE SOLD BY A DECREASING AUCTION PROCESS WHEREBY BIDDING WILL REDUCE IN INCREMENTS BY THE AUCTIONEER AND THE FIRST BID WILL PURCHASE. SHOULD THE PROPERTY FALL BELOW ITS UNDISCLOSED RESERVE PRICE, THEN IT WILL BE WITHDRAWN FROM SALE.
Entrance Hall, Lounge, Kitchen, Double Bedroom, Bathroom, Balcony.
LOCAL AUTHORITY & TAX RATING
London Borough of Hammersmith & Fulham Council Tax Band F
By appointment through the auctioneers.
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Please note that the following additional fees will apply to the purchase of your property:
1. Buyers Premium of £600 inclusive of VAT
2. Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
3. Stamp Duty - rates easily available on-line
4. Your solicitor fees and any survey fees
5. Insurance - it is your responsibility from the date of exchange to insure the property purchased.