Guide Price = £140,000+



**For Sale By Public Auction 28th May 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**



A First Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £12,000 Per Annum



Tenure

Leasehold. The property is held on a 99 year lease from 31st August 1976 (thus approximately 50 years unexpired).



Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Wrythe Recreation Ground are within easy reach. Transport links are provided by Carshalton rail station.



Description

The property comprises a first floor one bedroom flat situated within a purpose built block arranging over ground and two upper floors.



Accommodation

First Floor

Reception Room

Kitchen

Bedroom

Bathroom



Exterior

The property benefits from a garage



Tenancy

The property is subject to an Assured Shorthold Tenancy at a rent of £1,000 per calendar month.



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.



EPC Rating

D



Open House Viewings:

Viewing Schedule (No Booking Required)



Tuesday 20 May 15:30 - 16:00

Thursday 22 May 15:30 - 16:00

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.