Freehold
(Ref Num: GC/9315)

42 Maple Road
Penge
London
SE20 8HE

“For Sale” Freehold 2 bedroom ground floor flat with garden, with opportunity to carry out improvements and provide uplift in the value
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Location: The property is situated on the corner of Maple Road and Melvin Road. Maple Road is a road that connects A234 High Street Penge with Anerley Road. The building is set close to a parade of independent shops.  This location benefits from no parking restrictions and is within walking distance from Penge West and Kent House overground trains stations.

Description: The premises are a ground floor corner residential building, with garden to the rear. The ground floor provides access to the flat as well as the residential upper parts which were sold on a long leasehold and extended on 28th April 2004 to a 125-year leasehold with 108 years remaining. This provides a ground rent of £125 Per Annum rising to £250 then £375, £500, £625 at 25-year intervals so next increase 2029. The flat is comprised of a kitchen/dining room, living room, large WC/ shower and 2 bedrooms with one being ensuite. The flat also benefits from sole use of the garden to the rear with a basement that provides crude storage.

Accommodation: Floor plans attached

EPC: An EPC is available upon request.

Tenure: Freehold

Terms: For sale at offers in the region of £385,000.00. The property is available with vacant possession.

VAT The property is not registered for VAT

Legal Costs: Each party to pay own costs.

Viewing: By appointment via Galloways Commercial on 020 8678 8888 or info@gallowayscommercial.co.uk.