A Vacant First and Second Floor Four Room Split Level Flat

The property comprises a first and second floor four room split level flat situated within an end of terrace building arranging over ground and two upper floors.

Tenure

Leasehold. The property is held on a 125 year lease from 24th June 1988 (thus approximately 88 years unexpired).

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Petersfield Heath & Pond are within easy reach. Transport links are provided by Petersfield rail station.

Accommodation

First Floor Kitchen/Diner Room Second Floor Three Rooms (One with En-Suite) Bathroom

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 E

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.