16 Lakeside Place, London Colney, St. Albans, Hertfordshire, AL2 1PZ

A Vacant Ground Floor Two Bedroom Flat

The property comprises a ground floor two bedroom flat situated within a purpose built building arranged over ground and two upper floors.

Tenure

Leasehold. The property is held on a 99 year lease from 2nd February 1979 (thus approximately 51 years unexpired ).

6 Week Completion Available

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Broad Colney Lakes Nature Reserve are within easy reach.

Transport links are provided by How Wood rail station and the M25.

Accommodation

Ground Floor

Reception Room Kitchen Two Bedrooms Bathroom

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.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.

Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.