Flat for sale in 49 Salterford Road, Tooting, London SW17

Guide Price = £250,000+

**For Sale By Public Auction 11th September 2024 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Vacant Ground Floor Two Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from 25th December 1971 (thus approximately 46 years unexpired).

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

Description
The property comprises a ground floor two bedroom flat situated within a mid terrace building arranged over ground and first floors. The property requires a program of refurbishment.

Accommodation
Ground Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Exterior
The property benefits from a rear garden.

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.

Viewing Appointments to be Confirmed

Addendum
Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.