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" Guide Price £140,000

**For Sale By Public Auction 13th September 2023 08 45 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 80 year lease from 24th June 1981 thus approximately 37 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 residential road close to local shops and amenities. The open spaces of Crane Park are within easy reach. Transport links are provided by Strawberry Hill rail station.

Description
The property comprises a second floor two bedroom flat situated within a purpose built building arranged over ground and two upper floors. The property requires a program of refurbishment.

Accommodation
Second Floor
Reception Room
Two Bedrooms
Kitchen
Bathroom

Exterior
The property benefits from a parking space and a balcony.

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
D "