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''For Sale By Public Auction 11th December 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack''
A Ground Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £13,800 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 28th April 1969 (thus approximately 44 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Osborne Road Park are within easy reach. Transport links are provided by North Camp rail station.
Description
The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors.
Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,150 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 1 Bedroom Flat For Sale in Farnborough
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Description
Guide Price = £100,000+''For Sale By Public Auction 11th December 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack''
A Ground Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £13,800 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 28th April 1969 (thus approximately 44 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Osborne Road Park are within easy reach. Transport links are provided by North Camp rail station.
Description
The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors.
Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,150 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
