22 Prospect Place, Epsom, Surrey, KT17 1JA

Property Details: - Type: Flat - Bedrooms: 1 - Bathrooms: 0

Agent: Auction House London - Hampstead Phone: 020 8022 1911

<b>Guide Price =</b> <b>£65,000+<br/><br/>*For Sale By Online PublicAuction . To inspect the legal documents for this property go to our website to download the legal pack*<br/><br/>A Vacant First Floor One Bedroom Retirement Flat<br/><br/></b><b>Tenure</b><br/>Leasehold. The property is held on a 99 year lease from 9th July 2002 (thus approximately <b>75 years unexpired</b>).<br/><br/><b>Location</b><br/>The property is situated on a residential road close to local shops and amenities. The open spaces of Court Recreation Ground are within easy reach. Transport links are provided by Epsom rail station.<br/><br/><b>Description</b><br/>The property comprises a first floor one bedroom retirement flat situated within a purpose built block arranged over ground and first floors.<br/><br/><b>Accommodation</b><br/><b>First Floor</b><br/>Reception Room<br/>Kitchen<br/>Bedroom<br/>Bathroom<br/><br/><b>Accommodation</b><br/><b>Exterior</b><br/>The property benefits from communal parking.<br/><br/><b>Note</b><br/><b>The buyer must be over 55 years old and the flat can not be rented out. Please refer to the legal pack for more information on eligibility.</b><br/><br/><b>Note</b><br/><b>Further Information</b><br/>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.<br/><br/><b>EPC Rating</b><br/>E<br/><br/>Addendum<br/>Please note that this property is subject to a Buyers Premium of £1,560 inc VAT. This is in addition to the buyer's admin fee of £1,800 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.