Guide Price = **£250,000+
For Sale By Public Auction 19th March 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack
A First and Second Floor Three Bedroom Split Level Flat Subject to an Assured Shorthold Tenancy Producing £21,192 Per Annum
**Tenure
Leasehold. The property is held on a 125 year lease from 5th December 1988 (thus approximately 88 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Brentfield Open Space are within easy reach. Transport links are provided by Stonebridge Park underground station (Bakerloo line), overground and rail stations.
Description
The property comprises a first and second three bedroom split level flat situated within a purpose built block arranging over ground and two upper floors.
Accommodation
First Floor
Reception Room
Kitchen
WC
Second Floor
Three Bedrooms
Bathroom
Exterior
The property benefits from a private balcony, communal gardens and off street parking.
Tenancy
The property is subject to an Assured Shorthold Tenancy expiring September 2026 at a rent of £1,766 per calendar month.
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.
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