Flat For Rent – 1 Timeshare at Marriott Residence, 47 Park Street, London, W1K 7EB

Interested parties should contact Knight Frank Auctions for further information.

Description
Rarely available timeshare.

Fractional ownership of a Premium 1 bedroom apartment in the exclusive 47 Park Street – Grand Residences by Marriott. 21 primary nights per year plus many additional benefits.

Note – an additional contract for an additional 21 nights is also available.

Contact Richard for further details – +44 20 7861 5141 – Richard.

Membership enables 47 Park Street to become your London address; whether it is the need for correspondence or just friends or family using your apartment as they would your home. Additionally, members are able to leave belongings in storage, thus giving a unique, intimate and hassle free lifestyle, ensuring a Member feels that they are in their London home.

FEATURED AMENITIES

– Free Wifi
– Dry Cleaning Service

All-Suites

– Kitchen
– Room Service
– 24 Hour Room Service
– Wake up Calls
– Turndown Service
– Kitchenette

Notes
(i) Primary Use Time

For each Fractional Interest owned, a Member may occupy a Residence of the purchased Residence Type for 21 nights in each Use Year; no rental fee is payable for such use. Additional Plan Benefits may be exercised in lieu of Primary
Occupancy Time.

(ii) Extended Occupancy Time
For each Fractional Interest owned, a Member may occupy a Residence of the purchased Residence Type for up to 14 nights at the Per Diem Rate. The Extended Occupancy Time is available once the Primary Use Time has been used or reserved in full. Additional Plan Benefits may not be exercised in lieu of Extended Occupancy Time and Guests of a Member may not occupy in lieu of Member under the Extended Occupancy Time.

(iii) Space Available Programme
Members who have used or reserved all Primary Occupancy Time and who have joined the Rental Programme may occupy a Residence for up to three consecutive nights at any one time at the Per Diem Rate on a space available basis. Additional Plan Benefits may not be exercised in lieu of occupancy under the Space Available Programme and Guests of a Member may not occupy in lieu of Member under the Space Available Programme.

Residence & Management Fees – Please refer to Knight Frank

Location
The building is conveniently located on Park Street in Mayfair, just moments from Hyde Park. All the world famous amenities of the West End are within easy reach.

Occupancy
Vacant

Buyers Fee
The buyers fee is £1950 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 Timed Auction BUY-IT-NOW 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.

The property is available to purchase immediately at the available price listed on the lot. In some exceptional circumstances there may be a delay in processing your registration. If this delay results in another person placing a successful offer, SDL Property Auctions are not liable to you for any loss of opportunity.