1 bed flat for sale

Gloucester Place, Regent's Park NW1

Superbly situated in the heart of London, a spacious one bedroom first floor apartment set within an impressive, portered (24 hours), enfranchised mansion block just moments from Marylebone and Baker Street stations, and Regent's Park South entrance. Located at the back (quiet side) of the building overlooking a single-lane road, opposite two sites of the London Business School.

Retaining a wealth of period appeal and character, the property provides bright, well sized accommodation with neutral interiors throughout - ideal for homeowner or investment purchaser, or as a fashionable pied-a-terre in this unrivalled central location. Features include a 30' reception room, separate kitchen, 18' bedroom, elegant shower room, gas central heating, high ceilings, tall original style windows, ample inbuilt storage with additional lockers available to rent in basement, and no onward chain. A share of the freehold is available from the freehold company.

Accommodation comprises entrance hall leading into the triple length reception room with ample space for relaxing, entertaining and dining. An inner hall leads through to the bedroom, kitchen and shower room. The kitchen comprises a range of matching wall and base units with work surfaces incorporating inset sink unit and further space for appliances. The bedroom is an excellent size, with attractive bay window and range of useful inbuilt wardrobes. A stylish shower room with double basins and elegant tiling completes the generous accommodation.

The annual service charge as £5,545.92, ground rent as £35.00 and the reserve fund charge as £2,469.60. The reserve fund is to be used for capital expenditure in the block.

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Specification

Material information:
The information above has been provided by the vendor, agent and goto Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Lease Information

Service Charges:
We understand the service charge on the property is circa £1,386.48 per quarter, reserve fund charge £617.40 quarterly, with a ground rent of £8.75 per quarter.

All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor Lease Information Share of freehold available via Ivor Court freehold company. All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.

Lease term - 150 years from 29 September 1976

Location

The property lies within an easy walk of Baker Street and Marylebone stations, each providing unrivalled cross-London connections. A host of regular bus routes also link the surrounding area. The area is renowned for it’s array of fashionable shops, bars and restaurants, with nearby Oxford Street and Bond Street offering a huge variety of shops, department stores and amenities. The area is also well served by beautiful open spaces including nearby Regent’s Park and Hyde Park with the Serpentine River, as well as iconic landmarks such as Marble Arch and Buckingham Palace.

Service Charges

We understand the service charge on the property is circa £1,386.48 per quarter, reserve fund charge £617.40 quarterly, with a ground rent of £8.75 per quarter

Property Ownership Information

Tenure

Leasehold

Council Tax Band

D

Annual Ground Rent

£35.00

Ground Rent Review Period

No review period

Annual Service Charge

£5,545.92

Service Charge Review Period

Every 1 year

Lease End Date

14/09/2125

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.