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" Guide Price = £90,000+ **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 Ground and Lower Ground Floor One Bedroom Split Level Flat Tenure Leasehold. The property is held on a year lease from 24th June 1978 (thus approximately 53 years unexpired). Location The property is situated on a residential road close to local shops and amenities. The open spaces of East Beach are within easy reach. Transport links are provided by Littlehampton rail station. Description The property comprises a lower ground and ground floor one bedroom split level flat situated within a mid terrace building arranged over lower ground, ground and three upper floors. Accommodation Lower Ground Floor Reception Room Bedroom Kitchen Shower Room Storage Room Ground Floor 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) Wednesday 15 May 12:00 - 12:30 Friday 17 May 12:00 - 12:30 Monday 20 May 12:00 - 12:30 Addendum Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer‘s admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers. "