A Well Located Vacant Fourteenth Floor Two Bedroom Flat

The property comprises a well located fourteenth floor two bedroom flat situated within a purpose built block arranged over ground and fifteen upper floors.

Tenure

Leasehold. The property is held on a 99 year lease from 25th December 1986 (thus approximately 60 years unexpired).

Location

The property is in the highly sought after area of Paddington, close to local shops and amenities. The open spaces of Hyde Park are within easy reach. Transport links are provided by Edgware Road underground station (Bakerloo line) and Marylebone rail station.

Accommodation

Fourteenth Floor Reception Room/Dining Room Kitchen Two Bedrooms Two Bathrooms

Exterior

The property benefits from a private balcony and onsite porter.

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.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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.