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''For Sale By Public Auction 11th December 2024 09:00 AM To inspect the legal documents for this property go to our website to download the legal pack''
A Second Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £5,200 Per Annum
Tenure
Leasehold. The property is held on a 125 year lease from 1st September 1989 (thus approximately 89 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Rossmere Park are within easy reach. Transport links are provided by Hartlepool rail station.
Description
The property comprises a second floor one bedroom flat situated within a mid terrace building arranged over ground and two upper floors.
Accommodation
Second Floor
Reception Room
Kitchen
Bedroom
Bathroom
Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 6 months commencing 24th January 2024 at a rent of £100 per calendar week (Holding Over).
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.
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Full details for 1 Bedroom Flat For Sale in Hartlepool
Photos
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Description
Guide Price = £10,000-£20,000''For Sale By Public Auction 11th December 2024 09:00 AM To inspect the legal documents for this property go to our website to download the legal pack''
A Second Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £5,200 Per Annum
Tenure
Leasehold. The property is held on a 125 year lease from 1st September 1989 (thus approximately 89 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Rossmere Park are within easy reach. Transport links are provided by Hartlepool rail station.
Description
The property comprises a second floor one bedroom flat situated within a mid terrace building arranged over ground and two upper floors.
Accommodation
Second Floor
Reception Room
Kitchen
Bedroom
Bathroom
Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 6 months commencing 24th January 2024 at a rent of £100 per calendar week (Holding Over).
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.
Viewing Appointments to be Confirmed Back to listing
