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"Please refer to auctioneer for more information Guide Price £130,000

**For Sale By Public Auction 23rd April 2025 09 30 AM To inspect the legal documents for this property go to our website to download the legal pack**

A Ground Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £11,400 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 24th June 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 Pollards Hill Recreation Ground are within easy reach. Transport links are provided by Norbury rail station.

Description
The property comprises a ground floor one bedroom flat situated within a mid terrace building arranged over ground and first floors.

Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom

Exterior
The property benefits from a rear garden.

Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £950 per calendar month.

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
C

Viewing Schedule No Booking Required

Tuesday 15 April 14 00 14 30
Thursday 17 April 14 00 14 30"