1 bedroom flat for sale

Overview

AccommodationGround FloorStudio RoomKitchenBathroomExteriorThe property benefits from communal gardens and off street parking

Guide Price = £100,000+**For Sale By Public Auction 17th April 2024 08:45 AM To inspect the legal documents for this property go to our website to download the legal pack**A Vacant Ground Floor Studio FlatTenureLeasehold. The property is held on a 99 year lease from 29th September 1984 (thus approximately 59 years unexpired). A section 42 notice to extend the lease has been served on the freeholder, the rights of which will be assigned to the incoming buyer.LocationThe property is situated on a residential road close to local shops and amenities. The open spaces of Carshalton Park are within easy reach. Transport links are provided by Wallington rail station.DescriptionThe property comprises a ground floor studio flat situated within a purpose built block arranged over ground and three upper floors.AccommodationGround FloorStudio RoomKitchenBathroomExteriorThe property benefits from communal gardens and off street parking.Further InformationWhen 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) For more details and to contact: https://realtyww.info/flats_wallington-d527947/for-sale_i69754435

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