1 bed flat for sale2 Severn House, Samuel Street, Preston, Lancashire PR1
Local area information
- Preston St Matthew's Church of England Primary School 0.2 miles
- St Joseph's Catholic Primary School, Preston 0.3 miles
- Preston (Lancs) 1.5 miles
- Bamber Bridge 2.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- A Vacant Ground Floor One Bedroom Flat
**For Sale By Public Auction 6th December 2023 08:45 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Vacant Ground Floor One Bedroom Flat
Leasehold. The property is held on a 125 year lease from 1st July 1988 (thus approximately 89 years unexpired).
The property is situated on a residential road close to local shops and amenities. The open spaces of Ribbleton Park are within easy reach. Transport links are provided by Preston rail station.
The property comprises a ground floor one bedroom flat situated within a purpose built building arranged over ground and four upper floors.
The property benefits from off-street parking.
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.
Viewing Schedule (No Booking Required) - Video Walkthrough Available
Thursday 23 November 2023 11:00 am - 11:30
Tuesday 28 November 2023 11:00 am - 11:30
Thursday 30 November 2023 11:00 am - 11:30
Tuesday 5 December 2023 11:00 am - 11:30
Floor plans and tours
Floor plans (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
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