*** Addendum ***
Please note that this property is subject to a Buyers Premium of £1,200 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 Ground Floor Two Bedroom Retirement Flat
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of White Knobs Park are within easy reach. Transport links are provided by Caterham rail station.
Description
The property comprises a ground floor two bedroom flat situated within a purpose built block arranged over ground and first floors.
Accommodation
Ground Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
G.I.A Approximately 57 sq m
Exterior
The property benefits from a private rear garden and off street parking.
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1985 (thus approximately 58 years unexpired).
Note
To be eligible as a resident you must be aged 55 or over. Please refer to the legal pack for more information on eligibility
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. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
D
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.
Buyers Premium
£1,200 incl VAT
Administration Charge
£1,500 incl VAT
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- Tenure: Leasehold. The property is held on a 99 year lease from 25th March 1985 (thus approximately <b>58 years unexpired</b>).
- Unconditional (Immediate Exchange)
Call the team on 020 7625 9007 for more information
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