1 bedroom flat
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Auction
Flat
1 bed
Key information
Tenure: Leasehold | 43 yrs left
Council tax: Ask agent
Features and description
- Tenure: Leasehold (43 years remaining)
Withdrawn Prior.Guide Price = £90,000+
*For Sale By Online PublicAuction 12th September 2024 10:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Ground Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £13,800 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 28th April 1969 (thus approximately 44 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Osborne Road Park are within easy reach. Transport links are provided by North Camp rail station.
Description
The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors.
Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom
Accommodation
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,150 per calendar month.
Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
D
There are no internal viewings
*For Sale By Online PublicAuction 12th September 2024 10:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Ground Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £13,800 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 28th April 1969 (thus approximately 44 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Osborne Road Park are within easy reach. Transport links are provided by North Camp rail station.
Description
The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors.
Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom
Accommodation
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,150 per calendar month.
Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
D
There are no internal viewings
About this agent
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Auction House London is the largest branch of the Auction House UK brand. Auction House holds
more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties
throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew
Binstock and Jamie Royston in 2011, Auction House London has grown year on year in i... Show more
more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties
throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew
Binstock and Jamie Royston in 2011, Auction House London has grown year on year in i... Show more