A First Floor One Bedroom Retirement Flat
22 Prospect Place, Epsom, Surrey, KT17 1JA
Description
A First Floor One Bedroom Retirement Flat The property comprises a first floor one bedroom retirement flat situated within a purpose built block arranged over ground and first floors. Tenure: Leasehold. The property is held on a 99 year lease from 9th July 2002 (thus approximately 75 years unexpired). Location: The property is situated on a residential road close to local shops and amenities. The open spaces of Court Recreation Ground are within easy reach. Transport links are provided by Epsom rail station. Accommodation: First Floor Reception Room Kitchen Bedroom Bathroom Exterior: The property benefits from communal parking. Note: The buyer must be over 55 years old and the flat can not be rented out. Please refer to the legal pack for more information on eligibility. 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. If you do not fully understand this process, please ask the auctioneers or a solicitor. EPC Rating: E
