A First Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £16,200 Per Annum

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

Tenure

Leasehold. The property is held on a 99 year lease from 29th September 1979 (thus approximately 54 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 Rectory Park are within easy reach. Transport links are provided by Northolt underground station (Central line) and Greenford rail station.

Accommodation

First Floor Reception Room Kitchen Bedroom Study Bathroom

Exterior

The property benefits from a private balcony, communal gardens and off-street parking.

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 10th January 2024 at a rent of £1,350 per calendar month.

Further Information

The Original Owner has served a S42 Notice on 23 November 2023 on London Borough of Hillingdon. London Borough of Hillingdon has agreed to grant a New lease on the following terms: Premium: £37,320.00 (Thirty-Seven Thousand Three Hundred and Twenty Pounds) Term: a term of 189 years beginning on and including 29 September 1979 and ending on and including 28 September 2168 Annual Rent: a peppercorn, if demanded; The Seller will assign all its rights in the S42 Notice to the Buyer upon completion.

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.

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.