Flat 400 Pinnacle Apartments, 11 Saffron Central Square, Croydon, Surrey, CR0 2GL

Interested parties should contact Knight Frank Auctions for further information.

Description
Flat 400 is a rare three-bedroom apartment located on the 39th floor of Pinnacle Apartments, part of Berkeley Homes' acclaimed Saffron Square development. Occupying a prime corner position at the end of the hallway, the apartment enjoys exceptional privacy, dual-aspect light, and uninterrupted city skyline views.

The accommodation is thoughtfully arranged and presented in excellent condition, benefitting from:

Generous entrance hall with two large storage cupboards.

Bright, dual-aspect reception room with full-height glazing, allowing both morning and afternoon sun.

Contemporary fitted kitchen with ample storage, composite stone worktops, and integrated appliances including a recently installed AEG oven and induction hob.

Principal bedroom with extensive fitted wardrobes and en-suite bathroom.
Two further double bedrooms, one with built-in wardrobes, the third currently arranged as a home office.

Family bathroom with fitted cabinetry, heated towel rail and modern finishes.

Underfloor heating throughout.

A major point of distinction is the inclusion of three secure underground parking spaces. Two are currently rented out at £160 per month each, producing £320 pcm and significantly offsetting the service charge liability. There is potential to rent all three spaces, generating c. £500 pcm.

Residents benefit from a 24-hour concierge, four high-speed lifts, a well-equipped gym and a residents' lounge, all included in the service charge.

Estimated rental income for the apartment itself is £2,500£3,000 per calendar month, underlining its strong investment profile.

Additional Information

Concierge onsite 24/7.
Four high-speed passenger lifts.
Residents' gym and residents' lounge included within service charge.
Central heating and hot water system with underfloor heating in the apartment.
Three secure car parking spaces (income potential if rented).
Estimated gross rental value: £2,500£3,000 pcm.
Current car park rental income: £320 pcm.

Tenure
Leasehold. Held for a term of 999years from 1/1/2012 at a current ground rent of £225pa.

Car Parking
The property includes three underground car parking spaces each held on an separate long lease with a ground rent of £50pa per space

Service Charge
Currently £8,286pa

Location
Pinnacle Apartments form the landmark centerpiece of Saffron Square, a striking 43-storey tower redefining the Croydon skyline. Built around a landscaped central courtyard with water features, cafs and a Tesco Express, the development provides a vibrant community atmosphere alongside high-quality security and amenities.

Croydon has established itself as one of South London's most dynamic districts, with a thriving mix of retail, leisure and commercial spaces. West Croydon Station (c. 5 minutes' walk) and East Croydon Station (c. 10 minutes' walk) provide fast, direct rail connections to London Bridge, London Victoria, Gatwick Airport and beyond.

The apartment's orientation ensures uninterrupted views across the City, Canary Wharf, Wembley and as far as Wandsworth. Residents also enjoy spectacular vantage points over London's fireworks and skyline events, with the high elevation often above the winter fog, capturing year-round light and outlook.

Tenure
Leasehold

The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.