Sold £30,000
- Flat
- 2 Bedrooms
- Tenure: Leasehold. The property is held on a 67 year lease from 25th March 1958 - (Already Expired), Please see notice below. A section 42 notice has been served on the freeholder, please refer to the legal pack for further information. As per the documentation included in the legal pack an application for determination of the premium and the terms of acquisition has been submitted to the First-tier Tribunal which has directed that the lease extension process will be held in abeyance for 3 months until 10th April 2025 whereupon directions in the matter will be issued to the parties in terms of progressing the claim through the tribunal. As per paragraph 5 of Schedule 12 to the Leasehold Reform Housing and Urban Development Act 1993, so long as there is a live lease extension claim in respect of the flat, the lease does not terminate on the expiry date and remains for the duration of the claim or for three months after the claim has ended. Buyers are advised that the premium stated wi
Call the team on 020 7625 9007 for more information
A Vacant Ground and First Floor Two Bedroom Split Level Flat
The property comprises a well located ground and first floor two bedroom split level flat situated within a purpose built block.
Tenure
Leasehold. The property is held on a 67 year lease from 25th March 1958 - (Already Expired), Please see notice below. A section 42 notice has been served on the freeholder, please refer to the legal pack for further information. As per the documentation included in the legal pack an application for determination of the premium and the terms of acquisition has been submitted to the First-tier Tribunal which has directed that the lease extension process will be held in abeyance for 3 months until 10th April 2025 whereupon directions in the matter will be issued to the parties in terms of progressing the claim through the tribunal. As per paragraph 5 of Schedule 12 to the Leasehold Reform Housing and Urban Development Act 1993, so long as there is a live lease extension claim in respect of the flat, the lease does not terminate on the expiry date and remains for the duration of the claim or for three months after the claim has ended. Buyers are advised that the premium stated wi
Accommodation
Ground Floor Reception Room Kitchen WC First Floor Two Bedrooms Bathroom
Exterior
The property benefits from communal patio gardens.
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.
Energy Efficiency Rating (EPC)
Current Rating D
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.
