A Second and Third Floor Four Bedroom Split Level Maisonette Let Producing £25,701 Per Annum

Description

A Second and Third Floor Four Bedroom Split Level Maisonette Let Producing £25,701 Per Annum The property comprises a second and third floor four bedroom split level maisonette situated within a mixed use parade arranged over ground and four upper floors. Tenure: Leasehold. The property is held on a 99 year lease from 29th September 1975 (thus approximately 49 years unexpired). Location: The property is situated on a residential road close to local shops and amenities. The open spaces of Hall Place South Park are within easy reach. Transport links are provided by Crayford rail station. Accommodation: Second Floor Reception Room/Kitchen Bedroom Third Floor Three Bedrooms Bathroom Exterior: The property benefits from a balcony. Tenancy: The property is let to Lewisham Council for a term of 3 years at a rent of £25,701 per annum. Note: Please note, photos were taken prior to tenants moving in. 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: C

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