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A Vacant First Floor Three Bedroom Flat
The property comprises a first floor three bedroom flat situated within a purpose built block arranged over ground and two upper floors.
Leasehold. The property is held on a 111 year lease from 14th September 1981 (thus approximately 69 years unexpired). A section 42 notice to extend the lease has been served on the freeholder.
The property is situated on a residential road close to local shops and amenities. The open spaces of Warley Place Nature Reserve are within easy reach. Transport links are provided by Brentwood underground (Elizabeth line) and rail stations.
First Floor Reception Room Kitchen Three Bedrooms Bathroom
The property benefits from communal gardens and a garage.
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.
Energy Efficiency Rating (EPC)
Current Rating F
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.
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.