Guide Price = **£375,000+
For Sale By Auction To inspect the legal documents for this property go to our website to download the legal pack
A Second Floor Two Bedroom Flat
**Tenure
Leasehold. The property is held on a 120 year lease from 1st October 1977 (thus approximately 72 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Putney Heath are within easy reach. Transport links are provided by East Putney underground station (District line).
Description
The property comprises a second floor two bedroom flat situated within a purpose built building arranged over ground and four upper floors. The property is going into our 13th-14th January national online auction.
Accommodation
Second Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
GIA Approximately 67 sq m (721 sq ft)
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 £1,560 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.