Sold for £120,000.Guide Price = £70,000+

*For Sale By Online PublicAuction 18th April 2024 10:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*

A Second Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £13,200 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1987 (thus approximately 62 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Frimley Park are within easy reach. Transport links are provided by Blackwater rail station.

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

Accommodation
Second Floor
Reception room
Kitchen
Bedroom
Bathroom

Accommodation
Exterior
The property benefits from off street parking.Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,100 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.

Planning
EPC Rating
D

There are no internal viewings

This property is no longer available

Photos

1 bedroom flat for sale