For Sale - Shiraj Tower, 201 Commercial Road, London, E1 - Auction guide price of £200,000

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £220,000
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Perfectly positioned on Commercial Road, this spacious 2nd floor apartment offers an incredible opportunity for City professionals and investors alike. The property is ideally located just moments from Aldgate East Station, providing rapid transit to the City and Canary Wharf. Residents also benefit from being within walking distance of the iconic Brick Lane and Spitalfields Market.

This private residence features a well-proportioned layout designed for comfort and practicality. A generous central entrance hall provides access to all rooms, leading through to:

Auction Date: TBC

125 years lease granted from 29 September 1992, leaving approximately 91 years.

Auctioneers Additional Comments:
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.