Property description
Sold for £125,000.Guide Price = £50,000+
*For Sale By Online PublicAuction 25th October 2023 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Well Located Vacant First Floor Studio Flat
Tenure
Leasehold. The property is held on a 46 year lease from 16th December 1982 (thus approximately 5 years unexpired).
Location
The property is situated in the highly sought after area of Chelsea. It is situated on a road close to local shops and amenities. The open spaces of Ranleigh Gardens are within easy reach. Transport links are provided by Sloane Square underground station (Circle and District line).
Description
The property comprises a first floor studio flat situated within a purpose built block arranged over ground and four upper floors.
Accommodation
First Floor
Studio Room
Kitchen
Bathroom
Accommodation
Note
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
C
Open House Viewings:
Viewing Schedule (No Booking Required)
Thursday 12 October 2023 2:30 PM - 15:00
Saturday 14 October 2023 1:15 PM - 13:45
Monday 16 October 2023 2:30 PM - 15:00
Wednesday 18 October 2023 2:30 PM - 15:00
Friday 20 October 2023 2:30 PM - 15:00
Tuesday 24 October 2023 2:30 PM - 15:00
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