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''For Sale By Public Auction 13th November 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 £20,400 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1983 (thus approximately 57 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Grangewood Park are within easy reach. Transport links are provided by Norwood Junction overground and rail stations.
Description
The property comprises a first floor two bedroom flat situated within an end of terrace building arranged over the ground and two upper floors.
Accommodation
First Floor
Reception Room/Kitchen
Two Bedrooms
Bathroom
Exterior
The property benefits from a parking space.
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,700 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
D
There are no internal viewings Back to listing
Full details for 2 Bedroom Flat For Sale in South Norwood
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Description
Guide Price = £135,000+''For Sale By Public Auction 13th November 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 £20,400 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1983 (thus approximately 57 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Grangewood Park are within easy reach. Transport links are provided by Norwood Junction overground and rail stations.
Description
The property comprises a first floor two bedroom flat situated within an end of terrace building arranged over the ground and two upper floors.
Accommodation
First Floor
Reception Room/Kitchen
Two Bedrooms
Bathroom
Exterior
The property benefits from a parking space.
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,700 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
D
There are no internal viewings Back to listing
