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A Ground Floor Two Bedroom Flat Subject to a Periodic Tenancy Producing £17,400 Per Annum
The property comprises a ground floor two bedroom flat situated within a semi detached building arranged over ground first and second floors.
Tenure
Leasehold. The property is held on a 189 year lease from 29th September 1985 (thus approximately 148 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of South Norwood Recreation Ground are within easy reach. Transport links are provided by Norwood Junction overground station and rail station.
Accommodation
Ground Floor Reception Room Kitchen Two Bedrooms Bathroom
Exterior
The property benefits from side access to a private rear garden.
Tenancy
The property is subject to a Periodic Tenancy at a rent of £17,400 per annum.
The property is being sold with the tenant in situ. A Section 8 notice has been served and end in early November, offering a buyer flexibility going forward. The Freeholder has submitted an insurance claim to address minor cracking to the brickwork, with full details available in the legal pack.
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.