The property comprises a development opportunity to create a lower ground floor flat beneath an existing mid terrace house arranged over ground and two upper floors.
Leasehold. The property is held on a 125 year lease from 25th June 2021 (thus approximately 125 years unexpired).
The property is situated on a residential road close to local shops and amenities. The open spaces of Norwood Grove Park are within easy reach. Transport links are provided by Norbury and Gipsy Hill rail stations.
The buyer will be required to excavate the area below the ground floor in order to create a new self-contained flat (subject to obtaining all relevant consents).
We have been advised that the sale will include freeholder's consent for any work at nil premium. Prospective buyers are advised to check the legal pack for further details.
Administration charge: £1,200 including VAT unless otherwise stated in the addendum.
Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.