ONE BEDROOM PURPOSE BUILT MAISONETTE IN AN UNUSUAL GATED MEWS STYLE SETTING. Conveniently situated near to Sainsburys and Selhurst Park along with local bus routes. Norwood Junction/BR Overground Stations with its frequent links to London serves the area. The vendor informs us that the property will be sold with an extended lease. Both the kitchen and the bathroom have been refitted and in our opinion these properties do make an ideal first time buy. There is also the added benefit of garage. South Norwood itself has been mentioned in the media as "property hotspot" and the High Street has an eclectic mix of shops including a newly opened vegetarian restaurant and three cafes (including a recently opened Costa Coffee). View now to avoid disappointment. There is a clause in the lease that says, the property cannot be rented.
Lease term: Lease expires on the 24th of March 2143 (124 currently remaining)
Service charge: £1,011.33 (accounting period 25th of March 2018 to 24th of March 2019)
Ground rent: (a) for the period from the date of this lease to 24 March 2043, the yearly rent of £200;
(b) for the period from 25 March 2043 to 24 March 2068, the yearly rent of £400;
(c) for the period from 25 March 2068 to 24 March 2093, the yearly rent of £600;
(d) for the period from 25 March 2093 to 24 March 2118, the yearly rent of £800;
(e) thereafter, the yearly rent of £1,000;