A well presented fifth floor one double bedroom apartment with private balcony taking in views of St James's Church and set within the heart of the regenerated area of Bermondsey Spa close to Bermondsey tube (Jubilee Line, two stops to Canary Wharf or Bank) and a short walk to the artisan food market at Maltby Street and fashionable Bermondsey St.
\nNearby is also the unique river front area of Shad Thames and Tower Bridge, London Bridge, Borough Market and the City all within easy walking distance. The area around Bermondsey Street and Borough Market offers a great selection of bars and restaurants, out door areas and, commercial premises mixed with residential buildings all creating a unique village feel on the doorsteps of the City.
\nThe property provides a spacious open plan reception with fully fitted kitchen, a good size south facing balcony, large double bedroom with fitted storage and spacious bathroom. This property is being sold with a 112 year lease, ground rent is £119pa and service charges approximately £1,333pa. EWS1 is available and there is no onward chain.,One double bedroom
\n5th floor
\nPrivate Balcony
\nClose to Bermondsey tube
\nEWS1 in place
\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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