Withdrawn Prior.Guide Price = £125,000+

*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 Ground Floor One Bedroom Flat Subject to an Periodic Tenancy Producing £9,000 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from December 1990 (thus approximately 65 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of St Paul's Cray Hill Country Park are within easy reach. Transport links are provided by St Mary Cray rail station.

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

Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom

Accommodation
Exterior
The property benefits from access to communal gardens and allocated parkingTenancy
The property is subject to an Periodic Tenancy (Holding Over) commencing March 2021 at a rent of £750 per calendar month.

Note
The property has not been inspected by Auction House London. All information has been supplied by the vendor.

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

Viewing Appointments to be Confirmed

Addendum
Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.

This property is no longer available

Photos

1 bedroom flat for sale