A Lower Ground Floor Two Bedroom Flat Subject to a Tenancy Producing £15,000 Per Annum

By Order of the Executors

Description

The property comprises a lower ground floor two bedroom flat situated within a semi-detached building arranged over lower ground and three upper floors. The property benefits from its own front door.

Tenure

Leasehold. The property is held on a 99 year lease from 29th September 1993 (thus approximately 72 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.

Location

The property is situated on a mixed use road close to local shops and amenities of Queens Road. The open spaces of Fordham Park are within easy reach. Transport links are provided by both Queens Road Peckham and New Cross Gate overground and rail stations.

Accommodation

Lower Ground Floor
Hallway
Reception Room
Two Bedrooms
Kitchen
Bathroom

GIA 700 sq ft (surveyor's estimate)

Tenancy

The property is subject to an informal tenancy commencing in January 2019 at a rent of £1,250 per calendar month.

Additional Fees

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.

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