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A Vacant Ground Floor Two Bedroom Garden Flat
The property comprises a ground floor two bedroom flat situated within a mid terrace building arranged over ground and first floors.
Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1976 (thus approximately 51 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.
6 Week Completion Available
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Cumberland Playing Field are within easy reach. Transport links are provided by Canning Town underground station (Jubilee line) and West Ham rail station.
Accommodation
Ground Floor Reception Room with Open Plan Kitchen Two Bedrooms Bathroom Utility Room
Exterior
The property benefits from a rear garden.
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 D
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.