Property for Auction in London - [Print Version]

Auction Date:

Wed 02/07/2025

Start Time

09:30

Property Type:

Other

The property comprises a first floor three bedroom flat situated within a purpose built block arranged over ground and four upper floors.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Beddington Park are within easy reach. Transport links are provided by Thornton Heath rail station.

Accommodation

First Floor Reception Room Kitchen Three Bedrooms Bathroom Separate WC

Exterior

The property benefits from communal gardens and a balcony.

Tenancy

The property is subject to an Assured Shorthold Tenancy at a rent of £1,500 per calendar month. There may be potential to obtain vacant possession at the buyers request.

G.I.A: 955 Sq Ft (89 Sq M)

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.

Tenure

Leasehold. The property is held on a 99 year lease from the 1st January 1976 (thus approximately <b>49 years unexpired</b>). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.

Floor Plan

Location Map