2 bed Flat For Sale £90,000
Flat 40 Forset Court, Edgware Road, Marylebone, London, W2 2RD

Guide Price = £90,000+

*For Sale By Online PublicAuction 12th March 2024 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*

A Well Located Vacant Third Floor Two Bedroom Flat

Tenure
Leasehold. The property is held on a 57 year lease from 24th June 1975 (thus approximately 8 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 in the highly sought after area of Marylebone close to local shops and amenities. The open spaces of Hyde Park and Marble Arch are within easy reach. The property is equidistant to both Edgware Road underground station (Circle, District, Hammersmith & City and Bakerloo lines) and Marble Arch underground station (Central line)

Description
The property comprises a third floor two bedroom flat situated within a purpose built block arranged over ground and nine upper floors. The block benefits from a lift and concierge.

Accommodation
Third Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
WC

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.