Property for Auction in London - [Print Version]

Auction Date:

Wed 06/12/2023

Start Time

08:45

Property Type:

Other

The property comprises a first floor one bedroom flat situated within a mid terrace building arranged over ground and two upper floors.

Location

The property is situated on a mixed use road close to local shops and amenities. The open spaces of Brantwood Park are within easy reach. Transport links are provided by Luton rail station.

Accommodation

First Floor Reception Room Kitchen Bedroom Bathroom

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 25th August 2023 at a rent of £750 per calendar month.

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. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.

Tenure

Leasehold. The property is held on a 99 year lease from 1st January 2007 (thus approximately <b>82 years unexpired</b>).

Location Map