1 bedroom flat for sale

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1 bedroom flat for sale

First Floor Flat at Lee Close, Barnet, Hertfordshire, EN5 5HP
£180,000

Our Summary

  • Guide Price = £180,000+*For Sale By Online PublicAuction 21st May 2024 08:45 AM

Description

The property is a first floor one bedroom flat located on a quiet residential road, within easy access of local shopping and transport facilities. The flat is held on a 99-year lease from 1996, with approximately 71 years remaining, and is subject to an Assured Shorthold Tenancy producing £9,600 per annum. The property benefits from access to communal gardens and an allocated parking space. The tenancy is for a term of 12 months with a 6-month break clause, commencing in March 2024 at a rent of £800 per calendar month. The property is being sold by online public auction on May 21st, 2024, and interested buyers can download the legal pack from the website for more information. It is important to note that if the buyer wishes to extend the lease to 90+ years, they will need to pay a premium to the freeholder, as per the Section 42 notice process.
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