Investment OnlyA superb two bedroom second floor apartment (lift) presented in excellent condition, with generously proportioned rooms situated in this beautiful Grade 11 listed building. The property benefits from air conditioning and porterage facilities.
Situation1 King Street is an elegant Grade 11 listed period building situated just off St James's Square in the heart of St James's. King Street runs parallel to Jermyn Street and is enviably located for the finest shopping and entertainment London has to offer. Piccadilly and Green Park tube stations are both within walking distance as are the open spaces of Green Park.
Entrance Hall Cloakroom Reception Room Kitchen Master Bedroom Ensuite Bathroom Dressing Room Bedroom Ensuite Bathroom Additional InformationThe property is to be sold on the basis of a rent back agreement at £2,200 per week. Continued...
Tenant Fees & Charges
Mandatory charges associated with the setting up of your tenancy
There are various fees and charges associated with renting a property that you should be aware of when considering making an offer on a property. More detailed information is available upon request.
(Where not payable you will be advised accordingly)
Preliminary Charge - 42% Inc. VAT of the first months rent or £420 Inc. VAT, whichever is the greater.
This charge all inclusive charge covers the tenancy agreement, referencing and the check-in. It is not collected until the landlord has, subject-to-contact and references, accepted your offer. If the tenancy does not proceed for whatever reason we will refund a proportionate amount of the charge based on work undertaken and costs incurred.
Short Let Fee – From £440 (Inc. VAT)†
This charge applies to short term lettings only and covers: The cost of preparing an Agreement; an inventory check-in and an end of tenancy clean (excluding carpets).
Other funds you should allow for
Payment of Intent – To be agreed with you
We may require a payment of intent as confirmation of your intent to proceed with the proposed tenancy. This will be put towards your first rental payment and will only be refunded if our client elects not to proceed. Payment of this sum does not constitute the granting of a tenancy.
Rent in Advance – 1 Month
You will usually be required to pay 1 months rent in advance.
Deposit – Equivalent to 6 weeks rent
The deposit is held to protect your landlord from you not meeting your obligations under the terms of the tenancy.
Stamp Duty Land Tax
This tax is payable on tenancies where the rent exceeds £125,000.
Charges if you terminate your tenancy Change of Sharer - £420 Inc. VAT
This charge applies when you wish to replace a named tenant with another tenant part way through your tenancy and your landlord has agreed to the change. Please note that the replacement tenant will be charged separately for referencing in the sum of £54 Inc. VAT each.
Deed of Surrender - £75 Inc. VAT
This charge applies to preparation of documentation where, at your request, the landlord has agreed to release you from the tenancy early.
Charges if you renew your tenancy
Memorandum of Renewal - £90 Inc. VAT
This charge covers the cost of preparing a basic document to confirm details of any renewal.
Renewal Tenancy Agreement - £150 Inc. VAT
This charge covers the cost of preparing a more extensive renewal document where changes to the terms agreed dictate.
Potential charges at the end of your tenancy
Future Landlord Reference - £30 Inc. VAT
This charge applies when you ask us to provide a reference to a future landlord.
† Based on a 2 bedroom property in London.
Average weekly rent of nearby 2 beds.
Gross yield if rented for the average rent.
Average asking price of nearby 2 beds.
308% more expensive
This property is more expensive than average.
Property prices in this area have increased at this rate per year over the last 5 years.
If historic price growth continues, this property could be worth this much in 5 years.
020 3641 6045