A Vacant First Floor Three Bedroom Flat. Potential to be Converted into an HMO (Subject to Obtaining all Relevant Consents)
26A North Street, Hailsham, East Sussex, BN27 1DL
Description
A Vacant First Floor Three Bedroom Flat. Potential to be Converted into an HMO (Subject to Obtaining all Relevant Consents) The property comprises a first floor three bedroom flat situated in a mid terrace building arranged over ground and first floors. The property requires a program of refurbishment. Tenure: Leasehold. The property is held on a 99 year lease from 25th March 1988 (thus approximately 60 years unexpired). Location: The property is situated on a residential road close to local shops and amenities. The open spaces of Western Road Play Area are within easy reach. Transport links are provided by Polegate rail station. Accommodation: First Floor Reception Room Kitchen Three Bedrooms Bathroom Separate WC G.I.A: 1,150 Sq Ft (Source: EPC) 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: D
Financial Tools
For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.
