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0 bed Flat property

Available

For Sale

Listed May 18, 2024

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£90,000

Available

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The Mouseprice Value Guide tells you how the asking price of a property compares to the market price of other properties with similar attributes including property type, location and floor area. Note that some aspects of a property are not considered by the Value Guide such as the condition and home improvements so it is important you do your own research.

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020 7625 9007

By Auction House London

Description

" 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 to download the legal pack

A Well Located First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £14,400 Per Annum

Tenure
Leasehold. The property is held on a 57 year lease from 24th June 1975 thus approximately 9 years unexpired . 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.

Location
The property is situated in the highly sought after area of Marylebone close to local shops and amenities. The open spaces of Hyde Park and Marble Arch are within easy reach. The property is equidistant to both Edgware Road underground station Circle, District, Hammersmith & City and Bakerloo lines and Marble Arch underground station Central line

Description
The property comprises a first floor studio flat situated within a purpose built block arranged over ground and nine upper floors. The block benefits from a lift and concierge.

Accommodation
First Floor
Studio Room
Kitchen
Bathroom

Exterior
The property benefits from two lifts and a concierge.

Tenancy
The property is subject to an Assured Shorthold Tenancy expiring August 2022 at a rent of £1,200 per calendar month.

Note
The property has not been inspected by Auction House London. All information has been supplied by the vendor.

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.

EPC Rating
D

There are no internal viewings "