16C Bury Street, Edmonton, London, N9 7LB

16C Bury StreetEdmonton, London, N9 7LB£180,000+Guide Price (plus fees)AllA First Floor Two Bedroom Flat Subject to a Periodic Tenancy Producing £19,200 Per AnnumDescriptionThe property comprises a first floor two bedroom flat situated within a semi detached house arranged over ground and first floors.TenureLeasehold. The property is held on a 99 year lease from 29th September 1977 (thus approximately 50 years unexpired).LocationThe property is situated on a residential road close to local shops and amenities. The open spaces of Jubilee Park are within easy reach. Transport links are provided by Ponders rail station.AccommodationFirst FloorReception Room with Open-Plan KitchenTwo BedroomsBathroomTenancyThe property is subject to a Periodic Tenancy at a rent of £1,600 per calendar month.Further InformationWhen 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 RatingDFinancial Toolsyieldmortgage…

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