A First Floor Studio Flat
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Cassiobury Park are within easy reach. Transport links are provided by Watford underground station (Metropolitan line).
Description
The property comprises a first floor studio flat situated within a purpose built building arranged over ground and two upper floors. The property requires a program of refurbishment.
Accommodation
First Floor
Studio Room
Bathroom
Exterior
The property benefits from a parking space.
Tenure
Leasehold. The property is held on a 99 year lease from the 25th December 1985 (thus approximately 60 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.
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
£1,560 INCL VAT
Administration Charge
£1,500 INCL VAT
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- 1 Bedroom
- Tenure: Leasehold. The property is held on a 99 year lease from the 25th December 1985 (thus approximately <b>60 years unexpired</b>).
- Unconditional (Immediate Exchange)
Call the team on 020 7625 9007 for more information
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
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