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" Guide Price = £100,000+ **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 Three Bedroom Flat Tenure Leasehold. The property is held on a 99 year lease from 25th December 1973 (thus approximately 48 years unexpired). Location The property is situated on a residential road close to local shops and amenities. The open spaces of Grovehill Playing Fields are within easy reach. Transport links are provided by Hemel Hempstead rail station. Description The property comprises a second floor three bedroom flat situated within a purpose built block arranged over ground and two upper floors. Accommodation Second Floor KitchenReception Room Three Rooms 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 12:00 - 12:30 Saturday 11 May 12:00 - 12:30 Friday 17 May 12:00 - 12:30 Monday 20 May 12:00 - 12:30 "