House For Sale £45,000
Guide Price = £45,000+
*For Sale By Online PublicAuction 6th December 2023 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant First Floor Two Bedroom Maisonette
Tenure
Leasehold. The property is held on a 99 year lease from 1st May 1968 (thus approximately 43 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Buchanan Park are within easy reach. Transport links are provided by Rugby rail station.
Description
The property comprises a first floor two bedroom maisonette situated within a purpose built block arranged over ground and first floors.
Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Accommodation
Exterior
The property benefits from a section of the rear garden and a garage.Note
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.
Planning
Viewing Appointments to be Confirmed
*For Sale By Online PublicAuction 6th December 2023 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant First Floor Two Bedroom Maisonette
Tenure
Leasehold. The property is held on a 99 year lease from 1st May 1968 (thus approximately 43 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Buchanan Park are within easy reach. Transport links are provided by Rugby rail station.
Description
The property comprises a first floor two bedroom maisonette situated within a purpose built block arranged over ground and first floors.
Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Accommodation
Exterior
The property benefits from a section of the rear garden and a garage.Note
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.
Planning
Viewing Appointments to be Confirmed
