Guide Price = **£160,000-£200,000
For Sale By Public Auction 14th November 2024 10:30 AM To inspect the legal documents for this property go to our website to download the legal pack
A Ground Floor Two Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £18,600 Per Annum
**Tenure
Leasehold. The property is held on a 99 year lease from 25th December 1961 (thus approximately 36 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 on a residential road close to local shops and amenities. The open spaces of Harrow Weald Recreation Ground and Bryon Park are within easy reach. Transport links are provided by Harrow & Wealdstone underground station (Bakerloo and Overground line).
Description
The property comprises a ground floor two bedroom flat situated within a detached building arranged over ground and first floors.
Accommodation
Ground Floor
Open Plan Kitchen/Reception Room
Two Bedrooms
Bathroom
Exterior
The property benefits from a private rear patio and garage as well as communal gardens.
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,550 per calendar month, please refer to legal pack for further details.
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
E
Open House Viewings:
Viewing Schedule (No Booking Required)
Saturday 2 November 10:00 - 10:30
Monday 4 November 13:00 - 13:30