£130,000 /Sale price

Guide Price = £130,000+ **For Sale By Public Auction 6th August 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack** A Second Floor Studio Flat Tenure Leasehold. The property is held on a 125 year lease from 26th February 1990 (thus approximately 89 years unexpired). Location The property is situated on a residential road close to local shops and amenities. The open spaces of Swedenborg Gardens are within easy reach. Transport links are provided by Shadwell overground station (Windrush line) and Fenchurch Street rail station. Description The property comprises a second floor studio flat situated within a purpose built block arranged over ground and four 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. If you do not fully understand this process, please ask the auctioneers or a solicitor. EPC Rating C Viewing Appointments to be Confirmed Addendum Please note that this property is subject to a Buyers Premium of £1,560 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.