*** Addendum ***
Please note that this property is subject to a Buyers Premium of £1,560 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
A Second Floor One Bedroom Flat
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Neasden Recreation Ground are within easy reach. Transport links are provided by Wembley Park underground station (Jubilee line) and Wembley Stadium rail station.
Description
The property comprises a second floor one bedroom flat situated within a mid terraced building arranged over ground and two upper floors.
Accommodation
Second Floor
Reception Room
Kitchen
Bedroom
Bathroom
Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1997 (thus approximately 71 years unexpired).
Note
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.
Lease Start Date
26/06/1997
Lease Duration
99 years (71 years unexpired)
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.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- 1 Bedroom
- Tenure: Leasehold. The property is held on a 99 year lease from 24th June 1997 (thus approximately <b>71 years unexpired</b>).
- Unconditional (Immediate Exchange)
Call the team on 020 7625 9007 for more information
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