Sold £100,000
- Flat
- Tenure: Leasehold. The property is held on a 57 year lease from 24th June 1975 (thus approximately 9 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.
Call the team on 020 7625 9007 for more information
A Well Located First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £14,400 Per Annum
The property comprises a first floor studio flat situated within a purpose built block arranged over ground and nine upper floors. The block benefits from a lift and concierge.
Tenure
Leasehold. The property is held on a 57 year lease from 24th June 1975 (thus approximately 9 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.
Location
The property is situated in the highly sought after area of Marylebone close to local shops and amenities. The open spaces of Hyde Park and Marble Arch are within easy reach. The property is equidistant to both Edgware Road underground station (Circle, District, Hammersmith & City and Bakerloo lines) and Marble Arch underground station (Central line)
Accommodation
First Floor Studio Room Kitchen Bathroom
Exterior
The property benefits from two lifts and a concierge.
Tenancy
The property is subject to an Assured Shorthold Tenancy expiring August 2022 at a rent of £1,200 per calendar month.
The property has not been inspected by Auction House London. All information has been supplied 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. 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.
