*Guide | £250,000+ (plus fees)
- Flat
- 3 Bedrooms
- Tenure: Leasehold. The property is held on a 125 year lease from 5th December 1988 (thus approximately 88 years unexpired).
Call the team on 020 7625 9007 for more information
A First and Second Floor Three Bedroom Split Level Flat Subject to an Assured Shorthold Tenancy Producing £21,192 Per Annum
The property comprises a first and second three bedroom split level flat situated within a purpose built block arranging over ground and two upper floors.
Tenure
Leasehold. The property is held on a 125 year lease from 5th December 1988 (thus approximately 88 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Brentfield Open Space are within easy reach. Transport links are provided by Stonebridge Park underground station (Bakerloo line), overground and rail stations.
Accommodation
First Floor Reception Room Kitchen WC Second Floor Three Bedrooms Bathroom
Exterior
The property benefits from a private balcony, communal gardens and off street parking.
Tenancy
The property is subject to an Assured Shorthold Tenancy expiring September 2026 at a rent of £1,766 per calendar month.
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.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.
