2 bed Flat For Sale £295,000
Guide Price = £295,000+
**For Sale By Public Auction 8th February 2023 09:00 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Vacant Two Bedroom Fourth Floor Flat
Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1973 (thus approximately 49 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 in the South West London area of Vauxhall, close to local shops and amenities. The open spaces of Vauxhall Park and Battersea Park are within easy reach. Transport links are provided by Vauxhall underground (Victoria line) and rail station.
Description
The property comprises a fourth floor two bedroom flat situated within a period mansion building arranged over ground and four upper floors. The property overlooks Vauxhall Park.
Accommodation
Fourth Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
gia 58.1 sq m (625 sq ft)
Exterior
The property benefits from a communal courtyard.
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.
Sold Prior
**For Sale By Public Auction 8th February 2023 09:00 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Vacant Two Bedroom Fourth Floor Flat
Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1973 (thus approximately 49 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 in the South West London area of Vauxhall, close to local shops and amenities. The open spaces of Vauxhall Park and Battersea Park are within easy reach. Transport links are provided by Vauxhall underground (Victoria line) and rail station.
Description
The property comprises a fourth floor two bedroom flat situated within a period mansion building arranged over ground and four upper floors. The property overlooks Vauxhall Park.
Accommodation
Fourth Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
gia 58.1 sq m (625 sq ft)
Exterior
The property benefits from a communal courtyard.
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.
Sold Prior
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