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" Guide Price = £100,000+ **For Sale By Public Auction 31st July 2024 09:45 AM To inspect the legal documents for this property go to our website www.auctionhouselondon.co.uk to download the legal pack** A Vacant Ground Floor Two Bedroom Garden Flat 6 Week Completion Available Tenure Leasehold. The property is held on a 99 year lease from 24th June 1976 (thus approximately 51 years unexpired). A section 42 notice to extend the lease has been served on the freeholder, the rights of which will 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 Cumberland Playing Field are within easy reach. Transport links are provided by Canning Town underground station (Jubilee line) and West Ham rail station. Description The property comprises a ground floor two bedroom flat situated within a mid terrace building arranged over ground and first floors. Accommodation Ground Floor Reception Room with Open Plan Kitchen Two Bedrooms Bathroom Utility Room Exterior The property benefits from a rear 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. "