*Guide | £240,000+ (plus fees)
- Flat
- 1 Bedroom
- Tenure: Leasehold. The property is held on a 120 year lease from 1st July 1973 (thus approximately 67 years unexpired).
Call the team on 020 7625 9007 for more information
A Vacant Ground Floor One Bedroom Flat
The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and four upper floors.
Tenure
Leasehold. The property is held on a 120 year lease from 1st July 1973 (thus approximately 67 years unexpired).
6 Week Completion Available or Earlier if Required
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of The Regent's Park are within easy reach. Transport links are provided by Baker Street underground station (Bakerloo line) and Marylebone rail station.
Accommodation
Ground Floor Reception Room Kitchen Bedroom 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.
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.
