**For Sale By Public Auction 7th February 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**
A Vacant Second Floor Two Bedroom Flat
Leasehold. The property is held on a 99 year lease from 24th June 1936 (thus approximately 12 years unexpired). 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.
The property is situated on a residential road close to local shops and amenities. The open spaces of Sunny Hill Park are within easy reach. Transport links are provided by Hendon Central underground station (Northern line) and Hendon rail station.
The property comprises a second floor two bedroom flat situated within a purpose built block arranged over ground and three upper floors.
The property benefits from communal gardens.
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.
Open House Viewings:
Viewing Schedule (No Booking Required)
Monday 29 January 10:45 – 11:15
Wednesday 31 January 10:45 – 11:15
Friday 2 February 10:45 – 11:15
Tuesday 6 February 10:45 – 11:15