Description of the Deal:
-Short Lease 2 bedroom flat in North London with the potential to reconfigure into a 3 bedroom flat.
-Lease length: 46 years (Section 42 notice to be served by the vendor on completion)
The Background:
The entire block has been redeveloped to include brand new communal areas, a freshly tarmacked and painted car park and a new exterior uplift. Giving it a unique appeal.
This was the final flat in the block that the developer could not purchase and is being sold separately after the owner passed away. Probate is granted.
Complete an undertaking of the lease extension fees and there will be no need to front the cost of the lease extension.
The Numbers Breakdown
End Value - £350k
Refurb - £20k
Lease Extension - £75k
Stamp & Legals - £15k
Purchase Price £180k
Profit - £60k
Holding costs and finance is not included within the breakdown.
Reach out today to register your interest.
Finders Fee - £5,000
To register your interest, please email your details to alex@approperty.uk
If you would like to register interest in this property, please send your proof of funds to alex@approperty.uk and we will be in touch. There will be a buyers fee to secure the property and take it off market.
Project Management Services also available upon request.
Property Details
Property Type
2 Bedroom Flat in North London
Bedrooms
2
Bathrooms
1
Size
650 sqft
Floors
1
Property Location
London, UK