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" Guide Price £150,000

For Sale By Public Auction 26th June 2024 08 45 AM To inspect the legal documents for this property go to our website to download the legal pack

A Vacant Ground Floor Two Bedroom Maisonette

Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1998 thus approximately 73 years unexpired .

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Lavender Park are within easy reach. Transport links are provided by Colliers Wood underground station Northern line and Tooting rail station.

Description
The property comprises a ground floor two bedroom maisonette situated within a mid terrace building arranged over ground and first floors.

Accommodation
Ground Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Exterior
The property benefits from a private rear garden and a front garden.

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.

Viewing Appointments to be Confirmed "