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''For Sale By Public Auction 11th September 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack''
A First Floor Two Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £15,000 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 1st August 1984 (thus approximately 59 years unexpired). At the buyer‘s request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Cherry Tree Wood are within easy reach. Transport links are provided by East Finchley underground station (Northern line) and Alexandra Palace rail station.
Description
The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and two upper floors.
Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Exterior
The property benefits from communal gardens.
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,250 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.
EPC Rating
C
Open House Viewings:
Viewing Schedule (No Booking Required)
Tuesday 10 September 11:00 - 11:30 Back to listing
Full details for 2 Bedroom Apartment For Sale in East Finchley
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Description
Withdrawn Prior. Guide Price = £210,000+''For Sale By Public Auction 11th September 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack''
A First Floor Two Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £15,000 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 1st August 1984 (thus approximately 59 years unexpired). At the buyer‘s request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Cherry Tree Wood are within easy reach. Transport links are provided by East Finchley underground station (Northern line) and Alexandra Palace rail station.
Description
The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and two upper floors.
Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Exterior
The property benefits from communal gardens.
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,250 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.
EPC Rating
C
Open House Viewings:
Viewing Schedule (No Booking Required)
Tuesday 10 September 11:00 - 11:30 Back to listing
