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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 Vacant Second Floor Studio Flat
Tenure
Leasehold. The property is held on a 99 year lease from 1st November 2003 (thus approximately 77 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Wardown Park are within easy reach. Transport links are provided by Luton rail station and the M1.
Description
The property comprises a second floor studio flat situated within a semi detached building arranged over ground and two upper floors.
Accommodation
Second Floor
Studio Room
Kitchen
Bathroom
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 Luton
Photos
1/1
Description
Guide Price = £35,000+''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 Vacant Second Floor Studio Flat
Tenure
Leasehold. The property is held on a 99 year lease from 1st November 2003 (thus approximately 77 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Wardown Park are within easy reach. Transport links are provided by Luton rail station and the M1.
Description
The property comprises a second floor studio flat situated within a semi detached building arranged over ground and two upper floors.
Accommodation
Second Floor
Studio Room
Kitchen
Bathroom
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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