1 bed flat for sale

22 Prospect Place, Epsom, Surrey KT17

Guide Price = £65,000+

**For Sale By Auction . To inspect the legal documents for this property go to our website to download the legal pack**

A Vacant First Floor One Bedroom Retirement Flat

Tenure
Leasehold. The property is held on a 99 year lease from 9th July 2002 (thus approximately 75 years unexpired).

Location
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.

Description
The property comprises a first floor one bedroom retirement flat situated within a purpose built block arranged over ground and first floors.

Accommodation
First Floor
Reception Room
Kitchen
Bedroom
Bathroom

Exterior
The property benefits from communal parking.

Note
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.

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
E


Addendum
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.