A Third Floor Studio Flat Subject to a Periodic Tenancy Producing £10,800 Per Annum
Flat 19 Caversham House, 18 Kingston Gardens, Croydon, Surrey, CR0 4TX
A third floor studio flat let on a periodic tenancy producing £10,800 per annum. The property is held on a 99-year leasehold from 1988 with approximately 61 years unexpired, and benefits from allocated parking.
Accommodation
- Studio Room
- Bathroom
Full description
A third floor studio flat situated within a purpose-built residential building arranged over ground and three upper floors. The property is held on a 99-year lease from 25th December 1988, with approximately 61 years unexpired. The property is subject to a periodic tenancy at a rent of £900 per calendar month, producing £10,800 per annum. The property is situated on a residential road close to local shops and amenities. The open spaces of Guy Road Recreation Ground are within easy reach. Transport links are provided by Waddon rail station. Accommodation comprises a studio room and bathroom on the third floor. The property benefits from allocated parking. As the lease is relatively short, prospective purchasers should be aware that if they wish to extend the lease to 90+ years, they 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.
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