Guide Price = £550,000+

*For Sale By Online PublicAuction 17th April 2024 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*

A Well Located Second Floor One Bedroom Flat. Offered with Vacant Possession.

Tenure
Leasehold. The property is held on a 99 year lease from 1st June 1979 (thus approximately 54 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 Regent's Park are within easy reach. Transport links are provided by Baker Street underground station (Bakerloo, Circle and Hammersmith & City lines) and Marylebone rail station.

Description
The property comprises a second floor one bedroom flat situated within a purpose built block arranged over ground and five upper floors.

Accommodation
Second Floor
Reception Room with Open-Plan Kitchen
Bedroom
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)

Friday 5 April 2024 3:30 PM - 16:00
Tuesday 9 April 2024 3:30 PM - 16:00
Thursday 11 April 2024 3:30 PM - 16:00
Saturday 13 April 2024 12:00 PM - 12:30
Monday 15 April 2024 3:30 PM - 16:00

This property is no longer available

Floorplans

1 bedroom flat for sale