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" Guide Price £100,000

For Sale By Public Auction 17th April 2024 08 45 AM To inspect the legal documents for this property go to our website to download the legal pack

A Vacant Second Floor One Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1968 thus approximately 43 years unexpired .

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Kidbrooke Green Park are within easy reach. Transport links are provided by Westcombe Park 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

Exterior
The property benefits from communal gardens.

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.

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