Flat 5 Forset Court, Edgware Road, Marylebone, London, W2 2RD
- PROPERTY TYPE
Flat
- SIZE
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Description
**For Sale By Public Auction 21st May 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**
A Well Located First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £14,400 Per Annum
Tenure
Leasehold. The property is held on a 57 year lease from 24th June 1975 (thus approximately 9 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
Location
The property is situated in the highly sought after area of Marylebone close to local shops and amenities. The open spaces of Hyde Park and Marble Arch are within easy reach. The property is equidistant to both Edgware Road underground station (Circle, District, Hammersmith & City and Bakerloo lines) and Marble Arch underground station (Central line)
Description
The property comprises a first floor studio flat situated within a purpose built block arranged over ground and nine upper floors. The block benefits from a lift and concierge.
Accommodation
First Floor
Studio Room
Kitchen
Bathroom
Exterior
The property benefits from two lifts and a concierge.
Tenancy
The property is subject to an Assured Shorthold Tenancy expiring August 2022 at a rent of £1,200 per calendar month.
Note
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
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
D
There are no internal viewings
Brochures
Legal DocumentsTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
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ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
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LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
8 years left
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Flat 5 Forset Court, Edgware Road, Marylebone, London, W2 2RD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Edgware Road (Circle, District, Hammersmith & City) Station0.2 miles
- Edgware Road (Bakerloo) Station0.3 miles
- Marble Arch Station0.4 miles
About the agent
Auction House London, Hampstead
5 Hampstead Gate, 1A Frognal, Hampstead, London, NW3 6AL
Auction House London adopts a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers in the Greater London area.
We understand the importance of the internet in the modern era of selling property and therefore market all of our auction properties online in addition to using the traditional offline methods.
Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognis
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Visit our security centre to find out moreDisclaimer - Property reference 241137. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House London, Hampstead. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House London, Hampstead on 020 3897 6030.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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