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A Lower Ground Floor Two Bedroom Flat Subject to a Tenancy Producing £15,000 per annum.
The property comprises a lower ground floor two bedroom maisonette situated within a semi-detached building arranged over lower ground and three upper floors. The property benefits from its own front door.
Leasehold. The property is held on a 99 year lease from 29th September 1993 (thus approximately 72 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
By Order of the Executors
The property is situated on a mixed use road close to the local shops and amenities of Queens Road. The open spaces of Fordham Park are within easy reach. Transport links are provided by both Queens Road Peckham and New Cross Gate overground and rail stations.
Lower Ground Floor Hallway Reception Room Two Bedrooms Kitchen Bathroom GIA 700 sq ft (surveyor's estimate)
The property is subject to an informal tenancy commencing in January 2019 at a rent of £1,250 per calendar month.
The property has not been inspected by Auction House London. All information has been taken from a valuation report.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.