16 St. James Court, St. James's Road, CROYDON, Surrey, CR0 2SE

Leasehold third floor flat
12 years remaining on the lease
Investment – producing £9,840 per annum

Location:
The property is located within St James Court on St James Road. Shopping amenities are available locally within Croydon with a more comprehensive range of shops, bars and restaurants found in Central London lying to the north. Public transport links are available at West Croydon Station (London Overground and
Southern Services) lying to the south and at East Croydon Station (Southern, Thameslink and Gatwick Express) located to the south east along with a network of local bus and tram services serving the surrounding areas. The property is served by road links including the A235 and the A23 located to the north. Recreational pursuits can be found at Wandle Park lying to the south.

Accommodation:
The auctioneers were unable to inspect the property at the time of print. It is understood that the property comprises 2 bedroom accommodation. Purchasers are deemed to rely upon their own enquiries as to the internal layout of the property.

EPC Rating: E

Tenancy:
The property is let on an assured shorthold tenancy at a rent of £820 per calendar month (holding over).

Lease: The property is held on a lease for a term of 99 years (less 3 days) from 29th September 1934 at a ground rent of £50 per annum. Note: Notice under section 42 of the Leasehold Reform Housing and Urban
Development Act. 1993 has been served on the freeholder seeking a lease extension of the existing lease and the purchasers will have the benefit of this notice.