Flat for sale in 16 St. James Court, St. James's Road, Croydon, Surrey CR0
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Guide Price = £60,000+
**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 Third Floor Two Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £9,840 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1934 (thus approximately 9 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Mitcham Common are within easy reach. Transport links are provided by West Croydon overground and rail stations.
Description
The property comprises a third floor two bedroom flat situated within a purpose built block arranged over ground and three upper floors.
Accommodation
Third Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Exterior
The property benefits from communal gardens.
Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of six months commencing 28th March 2015 at a rent of £820 per calendar month (Holding Over).
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
E
There are no internal viewings
Property info
For more information about this property, please contact
Auction House London, NW3 on +44 20 3641 1932 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House London, and do not constitute property particulars. Please contact Auction House London for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.