020 7625 9007
Your Local Property Auctions Specialist
Wed 13/11/2024
10:00
Other
£300,000
The property comprises a second floor three bedroom flat situated within a sought after purpose built block arranged over ground and four upper floors.
The property is situated on a residential road close to local shops and amenities. The open spaces of Ruskin Park are within easy reach. Transport links are provided by Denmark Hill overground station (Thameslink) and rail station.
Second Floor Reception Room Kitchen Three Bedrooms Bathroom Separate WC
The property benefits from communal gardens.
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.
Leasehold. The property is held on a 99 year lease from 31st October 1972 (thus approximately <b>47 years unexpired</b>).
Current Energy Efficiency Rating C
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.