Sold £348,000
- Flat
- 2 Bedrooms
- Tenure: Leasehold. The property is held on a 99 year lease from 29th September 1973 (thus approximately 49 years unexpired). A section 42 notice to extend the lease will be served by the seller, the rights of which will be assigned to the incoming buyer.
Call the team on 020 7625 9007 for more information
A Vacant Fourth Floor Two Bedroom Flat
The property comprises a fourth floor two bedroom flat situated within a period mansion building arranged over ground and four upper floors. The property overlooks Vauxhall Park.
Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1973 (thus approximately 49 years unexpired). A section 42 notice to extend the lease will be served by the seller, the rights of which will be assigned to the incoming buyer.
Location
The property is situated in the South West London area of Vauxhall, close to local shops and amenities. The open spaces of Vauxhall Park and Battersea Park are within easy reach. Transport links are provided by Vauxhall underground (Victoria line) and rail station.
Accommodation
Fourth Floor Reception Room Kitchen Two Bedrooms Bathroom GIA 58.1 sq m (625 sq ft)
Exterior
The property benefits from a communal courtyard.
Current works being undertaken to upgrade the building have been paid for by the vendor.
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.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Floor Plans
Click the image to view the full-sized floorplan.
