Sold for £215,000.Guide Price = £100,000+

*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 Vacant Well Located Ground Floor One Bedroom Flat

Tenure
Leasehold. The property is held on a 65 year lease from 24th June 1968 (thus approximately 9 years unexpired). 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 The Regents Park are within easy reach. Transport links are provided by Baker Street underground station (Bakerloo line) and Charing Cross rail station.

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

Accommodation
Ground Floor
Reception Room
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
D

Open House Viewings:
Viewing Schedule (No Booking Required)

Thursday 4 April 2024 2:00 PM - 14:30
Monday 8 April 2024 2:00 PM - 14:30
Wednesday 10 April 2024 2:00 PM - 14:30
Friday 12 April 2024 2:00 PM - 14:30
Saturday 13 April 2024 11:00 AM - 11:30
Monday 15 April 2024 9:30 AM - 10:00

This property is no longer available

Floorplans

1 bedroom flat for sale