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A First and Second Floor Two Bedroom Split Level Flat
The property comprises a first and second floor two bedroom split level flat situated within a mid terrace building arranged over ground and two upper floors.
Tenure
Leasehold. The property is held on a 99 year lease from 25th December 1993 (thus approximately 68 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Brockwell Park are within easy reach. Transport links are provided by Herne Hill rail station.
Accommodation
First Floor Reception Room Kitchen Bedroom Second Floor Bedroom Bathroom
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.
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.