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    Auction House London
    Lot 29A
    Retirement Property
    Flat 34 Stokes Court
    Diploma Avenue, East Finchley, London, N2 8NX
    Please refer to auctioneer for more information
     
    All
    Number 1
    A Vacant Second Floor One Bedroom Retirement Flat

    Description

    The property comprises a second floor one bedroom flat situated within a purpose built building arranged over ground and three upper floors. The property benefits from two lifts, an on site warden, communal lounge and dining room.

    Tenure

    Leasehold. The property is held on a 99 year lease from 25th December 1986 (thus approximately 63 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 Cherry Tree Wood's are within easy reach. Transport links are provided by East Finchley underground station (northern line).

    Accommodation

    Second Floor
    Open Plan Kitchen/Reception
    Bedroom
    Bathroom

    Exterior

    The property benefits from an allocated parking space.

    Note

    To be eligible as a resident you must be aged 60 or over.

    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. If you do not fully understand this process, please ask the auctioneers or a solicitor.
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    020 7625 9007 or email us at info@auctionhouselondon.co.uk
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    Administration charge: £1,500 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.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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