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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 Third Floor Two Bedroom Flat
By Order of the Executors
Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1984 (thus approximately 58 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Mayow Park are within easy reach. Transport links are provided by Sydenham overground and rail station.
Description
The property comprises a third floor two bedroom flat situated within a mid terrace building arranged over ground and three upper floors. The property requires a program of refurbishment.
Accommodation
Third Floor
Reception Room
Kitchen
Two Bedrooms
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.
Open House Viewings:
Viewing Schedule (No Booking Required)
Thursday 28 November 11:00 - 11:30
Monday 2 December 11:00 - 11:30
Wednesday 4 December 11:00 - 11:30
Friday 6 December 11:00 - 11:30
Tuesday 10 December 11:00 - 11:30 Back to listing
Full details for 2 Bedroom Flat For Sale in Sydenham
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Description
Guide Price = £150,000+''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 Third Floor Two Bedroom Flat
By Order of the Executors
Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1984 (thus approximately 58 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Mayow Park are within easy reach. Transport links are provided by Sydenham overground and rail station.
Description
The property comprises a third floor two bedroom flat situated within a mid terrace building arranged over ground and three upper floors. The property requires a program of refurbishment.
Accommodation
Third Floor
Reception Room
Kitchen
Two Bedrooms
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.
Open House Viewings:
Viewing Schedule (No Booking Required)
Thursday 28 November 11:00 - 11:30
Monday 2 December 11:00 - 11:30
Wednesday 4 December 11:00 - 11:30
Friday 6 December 11:00 - 11:30
Tuesday 10 December 11:00 - 11:30 Back to listing
