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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 First Floor One Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 1st September 1993 (thus approximately 67 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Riverside Gardens are within easy reach. Transport links are provided by Erith rail station.
Description
The property comprises a first floor one bedroom flat situated within a purpose built building arranged over ground and first floors. The property requires a program of refurbishment.
Accommodation
First Floor
Reception Room
Kitchen
Bedroom
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.
EPC Rating
E
Open House Viewings:
Viewing Schedule (No Booking Required)
Addendum
Please note that this property is subject to a Buyers Premium of £1,500 inc VAT. This is in addition to the buyer‘s admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers. Back to listing
Full details for 1 Bedroom Flat For Sale in Erith
Photos
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Description
Guide Price = £115,000+''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 First Floor One Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 1st September 1993 (thus approximately 67 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Riverside Gardens are within easy reach. Transport links are provided by Erith rail station.
Description
The property comprises a first floor one bedroom flat situated within a purpose built building arranged over ground and first floors. The property requires a program of refurbishment.
Accommodation
First Floor
Reception Room
Kitchen
Bedroom
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.
EPC Rating
E
Open House Viewings:
Viewing Schedule (No Booking Required)
Addendum
Please note that this property is subject to a Buyers Premium of £1,500 inc VAT. This is in addition to the buyer‘s admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers. Back to listing
