1 bed flat for sale

Flat 201 Lemare Lodge, Fair Acres, Bromley, Kent BR2

Guide Price = £85,000+

**For Sale By Auction . To inspect the legal documents for this property go to our website to download the legal pack**

A Fifth Floor One Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from June 1967 (thus approximately 40 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Norman Park are within easy reach. Transport links are provided by Bromley South rail station.

Description
The property comprises a fifth floor one bedroom flat situated within a purpose built building arranged over ground and first floors.

Accommodation
Fifth Floor
Reception Room
Kitcehn
Bedroom
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.

EPC Rating
C