Flat for sale in Purley CR8, 3 Bedroom

Lot 71 - This lot is for sale by auction as lot 71 on Thursday 28th March 2019.

A Leasehold Self-Contained Second Floor Apartment subject to an Assured Shorthold Tenancy

Current Gross Rent Reserved

£13,800 per annum (equivalent)

Tenure
Leasehold. The property is held on a lease for a term of 125 years from 1st January 2017 (thus having approximately 123 years unexpired) at a current ground rent of £300 per annum.

Location
The property is situated on the north side of Brighton Road (A23), opposite its junction with Old Logde Lane. Local shops and amenities are available in Purley, with the further and more extensive facilities of Croydon being accessible to the north. Reedham (Surrey) Rail Station is to the east, whilst the nearby Brighton Road (A23) provides access to Central London and the South Circular Road (A205) to the north and both the M23 and M25 Motorways to the south. The open spaces of Purley Way Playing Fields are to the north and Farthing Downs are to the south.

Description
The property comprises a self-contained second floor apartment situated within an impressive Grade II listed former town hall building arranged over lower ground, ground and two upper floors.

Accommodation
The property was not internally inspected by Allsop. The following information was provided by the Vendor. We are informed that the property provides:Second Floor –Three Rooms, Kitchen, Bathroom/WC

Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 12 months from 22nd September 2018 at a current rent of £1,150 per calendar month.

Seller’s Solicitor

Ronald Fletcher Baker llp (S Lawrence Esq). Tel: Email: S.Lawrence@rfblegal.Co.Uk

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.