Property Description

A leasehold ground floor flat with a 50% share in the freehold company. Situated within easy reach of local amenities and well placed for access to public transport links to the city of London. Originally a semi-detached house converted into two flats at ground and first floor level, currently let at £11,030 per annum rising annually by the Retail Price Index +2%.

Ground Floor:

Vestibule, living room, breakfast kitchen, two bedrooms, bathroom.

Outside:

There is a small communal hard landscaped area to the front with a larger enclosed garden at the rear which belongs exclusively to the ground floor flat

Tenure:

Leasehold/Freehold The leasehold interest in the flat is to 13/11/2112 i.e., 90 years unexpired in addition to this the property is being sold with the benefit of a 50% share in the freehold. Current ground rent: TBC. Ground rent review period: TBC. Current service charge: TBC. Service charge review period: TBC. This information should be clarified in the legal pack and we’ll update the information above when we receive it.

Occupancy Agreement:

The property is let under an Occupancy Agreement (commenced 17/04/1995) at a contractual rent of £212.12 per week. The Agreement allows for annual increases on 1st April in line with the Retail Prices Index (RPI) plus 2%. Prospective buyers are advised to see the legal pack for verification and to make all necessary independent enquiries prior to placing their bid as this will be binding.

Auctioneers Note:

The Auctioneers have not inspected the property and the details have been provided by the seller. Room measurements will therefore not be provided. Interested parties should rely on their own investigations to verify the information provided.

Viewings:

There will be no internal viewings and interested parties are requested not to contact the occupants direct.

Tenure

Leasehold

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