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"Guide Price £140,000

**For Sale By Public Auction 2nd July 2025 09 30 AM To inspect the legal documents for this property go to our website to download the legal pack**

A First and Second Floor Five Room Split Level Flat Subject to a Guaranteed Rent Agreement Producing £17,940 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1978 thus approximately 51 years unexpired . At the buyer s request 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 on a residential road close to local shops and amenities. The open spaces of Fairlands Park are within easy reach. Transport links are provided by West Sutton rail station.

Description
The property comprises a first and second floor five room split level flat situated within a mid terrace building arranged over ground and two upper floors.

Accommodation
First Floor
Two Reception Rooms
Kitchen

Second Floor
Three Bedrooms
Bathroom

Exterior
The property benefits from front and rear access.

Tenancy
The property is subject to a guaranteed rental agreement to the council at a rent of £1,495 per calendar month.

Note
G.I.A 933 Sq Ft

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.

Planning
A planning application has been submitted for the property to be converted into two flats. A decision for this application is pending. Auction House London make no representations or warranties with regard to this scheme and or the validity of the application. Buyers must rely on their own enquiries with regard to any development potential, permissions required and previous planning history in respect of this site.

EPC Rating
C

Open House Viewings
Viewing Schedule No Booking Required

Thursday 19 June 10 00 10 30
Monday 23 June 10 00 10 30
Wednesday 25 June 10 00 10 30
Friday 27 June 10 00 10 30
Saturday 28 June 12 00 12 30
Tuesday 1 July 10 00 10 30"