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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 Vacant Well Located Third Floor Four Bedroom Flat
Tenure
Leasehold. The property is held on a 50 year lease from 29th September 1976 (thus approximately 2 years unexpired). 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 in the highly sought after area of Paddington close to local shops and amenities. Transport links are provided by Edgware Road underground station (Circle line) and Paddington rail station.
Description
The property comprises a third floor four bedroom flat situated within a purpose built block arranged over lower ground, raised ground and three upper floors.
Accommodation
Third Floor
Reception Room
Kitchen
Four Bedrooms
Two Bathrooms
Exterior
The property benefits from a private balcony.
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.
Open House Viewings:
Viewing Schedule (No Booking Required)
Thursday 5 September 12:00 - 12:30
Saturday 7 September 10:00 - 10:30
Monday 9 September 12:00 - 12:30 Back to listing
Full details for 4 Bedroom Flat For Sale
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Description
Withdrawn Prior. Guide Price = £125,000+''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 Vacant Well Located Third Floor Four Bedroom Flat
Tenure
Leasehold. The property is held on a 50 year lease from 29th September 1976 (thus approximately 2 years unexpired). 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 in the highly sought after area of Paddington close to local shops and amenities. Transport links are provided by Edgware Road underground station (Circle line) and Paddington rail station.
Description
The property comprises a third floor four bedroom flat situated within a purpose built block arranged over lower ground, raised ground and three upper floors.
Accommodation
Third Floor
Reception Room
Kitchen
Four Bedrooms
Two Bathrooms
Exterior
The property benefits from a private balcony.
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.
Open House Viewings:
Viewing Schedule (No Booking Required)
Thursday 5 September 12:00 - 12:30
Saturday 7 September 10:00 - 10:30
Monday 9 September 12:00 - 12:30 Back to listing
