A Lower Ground Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £15,336 Per Annum

Description

The property comprises a lower ground one bedroom flat situated within an end of terrace building arranged over lower ground and two upper floors.

Tenure

Leasehold. The property is held on a 99 year lease from 24th June 1983 (thus approximately 61 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 residential road close to local shops and amenities. The open spaces of Finsbury Park are within easy reach. Transport links are provided by Finsbury Park rail and underground (Piccadilly & Victoria Lines) stations.

Accommodation

Lower Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing October 2020 at a rent of £1,278 per calendar month.

Note

We have been advised by the vendor that there has been evidence of Japanese knotweed at the property. The seller has had a treatment plan in place which has recently ended but the buyer will have the option to carry this on.

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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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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