A First Floor Two Bedroom Flat Subject to a Periodic Tenancy Producing £18,276 Per Annum
5 Greenlaw Court, Mount Park Road, Ealing, London, W5 2RX
A first floor two bedroom flat subject to a periodic tenancy producing £18,276 per annum. The property is held on a 99 year lease from 1981 with approximately 54 years unexpired, situated within a purpose built block and benefits from a balcony.
Accommodation
- Reception Room
- Kitchen
- Bedroom 1
- Bedroom 2
- Bathroom
Full description
A first floor two bedroom flat situated within a purpose built block arranged over ground and eight upper floors. The property is held on a leasehold basis on a 99 year lease from 29th September 1981, with approximately 54 years unexpired. The property is subject to a periodic tenancy at a rent of £1,523 per calendar month. Please refer to the legal pack for more information. The property is situated on a residential road close to local shops and amenities. The open spaces of Ealing Common are within easy reach. Transport links are provided by Ealing Broadway underground station (Central and District lines) and rail station. Accommodation comprises a reception room, kitchen, two bedrooms, and a bathroom. The property benefits from a balcony. 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.
Financial Tools
For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.
