Withdrawn
- Flat
- 1 Bedroom
- Tenure: Leasehold. The property is held on a 99 year lease from March 1996 (thus approximately 71 years unexpired).
Call the team on 020 7625 9007 for more information
A First Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £9,600 Per Annum
The property comprises a first floor spacious one bedroom flat situated within a purpose built building arranged over ground and two upper floors.
Tenure
Leasehold. The property is held on a 99 year lease from March 1996 (thus approximately 71 years unexpired).
Location
The property is located on a quiet residential road within easy access of local shopping and transport facilities. Transport links into Central London are provided by High Barnet underground station (Northern line) and New Barnet rail station.
Accommodation
First Floor Reception Room Kitchen Bedroom with En Suite Separate WC
Exterior
The property benefits from access to communal gardens an allocated parking space.
Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 12 months (with a 6 month break clause) commencing March 2024 at a rent of £800 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.
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Floor Plans
Click the image to view the full-sized floorplan.
