Moffat Road, Thornton Heath, Surrey, CR7 8PZ - Online Auctions

The property comprises a lower ground floor one bedroom flat situated within an end of terrace building arranged over lower ground, raised ground and first floors. Ground Floor Reception Room Kitchen Bedroom Bathroom The property benefits from a private rear garden. Leasehold. The property is held on a 99 year lease from 31st July 1981 (thus approximately 55 years unexpired ). 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. C £1,560 incl. VAT £1,500 incl. VAT