1 bedroom flat for sale

Overview

Location The property is situated on a residential road close to local shops and amenities

Guide Price = £125,000+ **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 Ground Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £11,940 Per Annum Tenure Leasehold. The property is held on a 99 year lease from 1st July 1987 (thus approximately 62 years unexpired). Location The property is situated on a residential road close to local shops and amenities. The open spaces of Priory Park are within easy reach. Transport links are provided by Prittlewell rail station. Description The property comprises a ground floor one bedroom flat situated within a purpose built building arranged over the ground and two upper floors. Accommodation Ground Floor Reception Room Kitchen Bedroom Bathroom Tenancy The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 23rd January 2024 at a rent of £995 per calendar month. 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 C Viewing Appointments to be Confirmed - Video Walkthrough Available For more details and to contact: https://realtyww.info/flats_westcliff-on-sea-d524363/for-sale_i70025113

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