A First Floor Two Bedroom Flat and Separate Garage Fully Let Producing £15,300 Per Annum

The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and two upper floors. There is also a separate garage externally.

Tenure

Leasehold. The property is held on a 99 year lease from 1st June 1982 (thus approximately 55 years unexpired).

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Harvey Park are within easy reach. Transport links are provided by Langley underground (Elizabeth line) and rail stations.

Accommodation

First Floor Reception Room Kitchen Two Bedrooms Bathroom

Exterior

The property benefits from communal gardens, an allocated parking space and a garage.

Tenancy

The flat is subject to an Assured Shorthold Tenancy at a rent of £1,200 per calendar month. The garage is subject to a lease at a rent of £900 per annum.

Current Rent Reserved

Current Rent Reserved £15,300 per annum

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.