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" Unsold. Contact the auctioneer. Guide Price = £45,000+ **For Sale By Public Auction 21st May 2024 09:30 AM To inspect the legal documents for this property go to our website www.auctionhouselondon.co.uk to download the legal pack** A Vacant Second Floor One Bedroom Flat Tenure Leasehold. The property is held on a 99 year lease from 20th December 1991 (thus approximately 66 years unexpired). Location The property is situated on a residential road close to local shops and amenities. The open spaces of Christchurch Park are within easy reach. Transport links are provided by Ipswich rail station. Description The property comprises a second floor one bedroom flat situated within a detached building arranged over ground and two upper floors. Accommodation Second 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. 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. EPC Rating Viewing Schedule (No Booking Required) Thursday 9 May 11:00 - 11:30 Saturday 11 May 11:00 - 11:30 Tuesday 14 May 11:00 - 11:30 Thursday 16 May 11:30 - 12:00 Monday 20 May 11:00 - 11:30 Addendum Please note, the property is on the second floor and not as previously listed. "