1 Bed Apartment For Sale

Please refer to auctioneer for more information Guide Price = £130,000+



**For Sale By Public Auction 21st May 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**



A First Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £15,600 Per Annum



Tenure

Leasehold. The property is held on a 99 year lease from 29th September 1985 (thus approximately 60 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 Kennyngton Manor Recreation Ground are within easy reach. Transport links are provided by Sunbury rail station and Kempton Park rail station.



Description

The property comprises a first floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors.



Accommodation

First Floor

Reception Room

Kitchen

Bedroom

Bathroom



Exterior

The property benefits from off street parking.



Tenancy

The property is subject to an Assured Shorthold Tenancy at a rent of £1,300 per calendar month.



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.



Open House Viewings:



Saturday 18 May 10:30 - 11:00