Braemar, Kersfield Road, London, SW15 3HG - Online Auctions

The property comprises a first floor two bedroom flat situated within a purpose built building arranged over ground and four upper floors. First Floor Reception Room Kitchen Two Bedrooms Bathroom GIA Approximately 67 sq m (721 sq ft) Leasehold. The property is held on a 120 year lease from 1st October 1977 (thus approximately 72 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. 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. C £1,560 INCL VAT £1,500 INCL VAT