Residential Investment Greater London CR0 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

Guide Price £60,000+. A third floor two bedroom flat situated within a purpose built block arranged over ground and three upper floors. The property is held on a 99 year lease from 29th September 1934 (thus approximately 9 years unexpired). The property is subject to an Assured Shorthold Tenancy for a term of six months commencing 28th March 2015 at a rent of £820 per calendar month (Holding Over). 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. If you do not fully understand this process, please ask the auctioneers or a solicitor.