A beautiful 532sqft one double bedroom first floor apartment with exposed brick work, high ceilings, solid herring bone wood floor and secure parking in this gated Victorian school conversion in a conservation area close to Bermondsey Street. London Bridge, the River Thames and the City are within easy walking distance.
\nThe property enjoys a large mezzanine bedroom area set above double height open plan reception area with feature sash window and many original features including parquet wooden flooring and exposed brick, kitchen and bathroom. Offered with one parking bay.
\nThe location offers a dynamic mix of residential and commercial buildings along with the sought after village feel of Bermondsey Street and nearby parks. Also, within easy reach are many of London's most iconic landmarks such as Borough Market, Tower Bridge, Tower of London and many others along the River Thames and the City is within easy walking distance.
\nLease 999 years from 1994
\nService Charge approx. £2,200 p.a.
\nGround rent: £100 p.a.,School conversion
\nOriginal features
\nSecure parking
\nCommunal gardens
\nClose to Bermondsey Street
\nNo onward chain,,,,Schedule of Tenants fees from 1st June 2019
\nHolding Deposit - Equivalent to 1 weeks rent
\nDeposit - Equivalent to 5 weeks rent (annual rent exceeds £50,000 – 6 weeks)
\nChange of occupant (Managed properties) - £50 Inc VAT
\nEarly Termination of Tenancy – All re-letting costs and Landlord fees
\nDefault Fees – Lost/replacement keys/security devices £15 per hour plus cost of keys/security device
\nRent Arrears – Interest will be charged daily at 3% above the Bank of England base rate for any monies outstanding more than 14 days
\nCompany Lets - £252 Inc VAT plus Inventory charges £204 Inc VAT each
\nHolding Deposit
\nEquivalent to 1 week of the first month’s rent to secure your chosen property. Non-refundable should you;
\n• Decide not to proceed before the tenancy agreement is signed.
\n• Fail the Right to Rent check.
\n• Provide false or misleading information in your application.
\n• Failure to provide correct and certified information within 15 days in order for your references to conclude and your tenancy agreement to be drafted.
\nReferences
\nContracted out to an agency and you will be required to complete an application form. To qualify you must be able to substantiate a gross income (pre-tax) of at least 2.5 x the monthly rent.
\nTenancy Agreement
\nYou will be provided with an ARLA Tenancy Agreement via Docusign, before taking occupancy.
\nDeposit
\nYou will be required to pay a deposit equivalent to 5 weeks rent, due 7 days before occupancy, which will be registered.
\nRent in Advance pre-tenancy
\nWe require you to pay the balance of the first month’s rent due 7 days before occupancy (or unless otherwise pre-agreed a higher amount). The balance is determined by the remaining amount of the first month’s rent, less the Holding Deposit.
\nChange of Occupant
\nAt the Landlord’s discretion to change an occupant to an existing managed tenancy a fee of £50 Inc VAT will be required.
\nEnd of Tenancy
\nYou will be required to return the property in the same cleaned condition as noted in your inventory.
\nEarly Termination of Tenancy
\nTo pay the cost of early termination of the Tenancy outside of any contractual obligation, (calculated at X% defined by the service level the Landlord enjoys) multiplied by the rent for the remaining months of the Tenancy to the end of the contractual term) subject to the Landlords consent, to cover fees and re-letting costs. For the avoidance of doubt the Tenant is liable for all rent payments until such time that the replacement tenant has taken occupancy.
\nDefault fees for lost or damaged keys/security devices
\nTo pay £15 Inc VAT per hour for the provision of replacement of lost or damaged keys/security devices in addition to the cost of each key and or security device (costs vary per management company and the type of keys/security device). For high security key replacement such as Banham, the cost will be charged at £72 Inc VAT per hour in addition to the cost of each key and or each security device.
\nRent Arrears
\nThe Tenant shall pay to the Landlord interest at the rate of 3% per annum above the Bank Of England base rate, from time to time on any rent remaining unpaid for more than fourteen (14) days after the day on which the rent became payable.
\nCompany Tenancy Agreements
\nThe cost of preparing a common law or company let agreement will be £252 Inc VAT.
\nWilliams Lynch are members of the following;
\nCMP - Client Money Protection C0122094 www.clientmoneyprotect.co.uk
\nARLA Propertymark www.arla.co.uk
\nTPO - The Property Ombudsman redress scheme. www.tpos.co.uk
\nTSI Approved
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