2 bed Flat For Sale £190,000
Flat 8 Astoria Mansions, Streatham High Road, Streatham, London, SW16 1PS

Guide Price = £190,000+

*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 Flat

Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1978 (thus approximately 53 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 Tooting Commons are within easy reach. Transport links are provided by Streatham rail station.

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

Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Separate WC

GIA approx. 83 sq. m (893 sq. ft)

Accommodation
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.

EPC Rating
C

Viewing Schedule (No Booking Required)

Friday 24 November 2023 12:00 PM - 12:30
Tuesday 28 November 2023 12:00 PM - 12:30
Thursday 30 November 2023 12:00 PM - 12:30
Tuesday 5 December 2023 12:00 PM - 12:30