Flat for sale in 54A Granville Road, Gillingham, Medway ME7
Just added* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Guide Price = £50,000+
**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 Ground Floor Two Bedroom Split-Level Flat Subject to an Assured Shorthold Tenancy Producing £10,200 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1988 (thus approximately 62 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Hilly Fields Community Park are within easy reach. Transport links are provided by Rainham rail station.
Description
The property comprises a ground floor two bedroom split-level flat situated within a mid terrace building arranged over lower ground, ground and first floors.
Accommodation
Lower Ground Floor
Bedroom
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom
Exterior
The property benefits from a rear garden.
Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £850 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.
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.