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" Guide Price £75,000

For Sale By Public Auction 21st May 2024 09 30 AM To inspect the legal documents for this property go to our website to download the legal pack

A Vacant Second Floor Two Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1980 thus approximately 55 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 mixed use road close to local shops and amenities. The open spaces of Preston Children Park are within easy reach. Transport links are provided by Kingswood rail station.

Description
The property comprises a second floor two bedroom flat situated within a mid terrace building arranged over the ground and two upper floors.

Accommodation
Second Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Separate WC

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 "