Flat for sale in Flat 7, 36 Lansdowne Road, Bedford, Bedfordshire MK40

Guide Price = £75,000+

**For Sale By Public Auction 31st July 2024 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Second Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £7,800 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1988 (thus approximately 63 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Bedford Park are within easy reach. Transport links are provided by Bedford rail station.

Description
The property comprises a second floor studio flat situated within a detached building arranged over ground and two upper floors.

Accommodation
Second Floor
Studio Room with Kitchenette
Bathroom

Exterior
The property benefits from off street parking.

Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £650 per calendar month.

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. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating

D