This property failed to sell at auction.
The property is held on a 99-year lease from 24th June 1955, leaving approximately 28 years remaining. At the buyer’s request, a Section 42 notice to extend the lease will be served prior to completion, with the benefit of this notice assigned to the purchaser.
This property is located on a quiet residential road, conveniently close to local shops and everyday amenities. The open green spaces of Mitcham Common are within easy reach, offering a pleasant outdoor escape. Excellent transport links are available via Colliers Wood Underground Station (Northern Line) and Tooting Rail Station, providing direct access into Central London and surrounding areas.
Description
A ground-floor two-bedroom maisonette, forming part of a semi-detached building arranged over ground and first floors.
Accommodation
Ground Floor:
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Reception Room
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Kitchen
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Two Bedrooms
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Bathroom
Exterior
The property benefits from a private rear garden, ideal for outdoor seating and entertaining.
Further Information
As the property is offered with a short lease, buyers should be aware that extending the lease to 90+ years will require payment of a premium to the freeholder. This process is initiated by serving a Section 42 Notice, proposing a price for the lease extension. The freeholder may accept the offer or respond with a counter-notice. Buyers unfamiliar with this process are strongly advised to seek guidance from the auctioneers or a qualified solicitor prior to bidding.
