*Guide | £70,000 - £100,000 (plus fees)
- Flat
- 1 Bedroom
- Tenure: Leasehold. The property is held on a 99 year lease from 25th March 1987 (thus approximately 60 years unexpired).
Call the team on 020 7625 9007 for more information
A Vacant Second Floor Studio Flat
The property comprises a second floor studio flat situated within a semi detached building arranged over ground and two upper floors.
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1987 (thus approximately 60 years unexpired).
By Order of the Executors
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Thornton Heath Recreation Ground are within easy reach. Transport links are provided by Norwood Junction overground station and Thornton Heath rail station.
Accommodation
Second Floor Studio Room Kitchen Bathroom
The property now requires full refurbishment, presenting an ideal opportunity for investors or owner-occupiers to upgrade and add significant value
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.
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 £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
