Foxley Lane, West Purley

£750,000

Guide price

CASH BUYERS PREFERRED - INVESTMENT OPPORTUNITY - LOW LEASES WITH LEASE EXTENSION AVAILABLE - FREEHOLD PURCHASE OPTION - LONG TERM DEVELOPMENT POTENTIAL.

Frost Estate Agents are acting as sole agents on behalf of the executors for these two generous maisonette's, occupying the entire building found on a popular road in West Purley, currently arranged as;

Ground Floor Maisonette - 1,439 sq/ft - Current lease term 99 years from 16 November 1966. Ground Rent £5 per year not increasing

First Floor Split Level Maisonette - 1,604 sq/ft - Current lease term 99 years from 1 July 1966. Ground Rent £7 per year not increasing

Estimated leasehold extension costs circa. £110,000 per property – 90 years to be added to the existing terms.

Freehold purchase available at £225,000 as an alternative to the lease extension.

Purley provides a host of recreational, transport and shopping facilities on your doorstep. Living in Purley provides excellent transport links from its mainline station into Central London with Victoria, London Bridge and Farringdon, all reachable within half an hour. Purley is located where town meets country being close to stunning green open spaces of the Surrey Hills, there are numerous golf courses, additional places for outdoor recreation such as Kenley Common and Riddlesdown.

There are several excellent schools within close proximity including the very popular Wallington Girls, Wilson's, Whitgift, John Fisher, Margaret Roper and St David's to name just a few. Purley town centre provides a range of shops & a large supermarket, restaurants & cafes, the Purley Way is accessible with is large superstores & retail outlets and Croydon town centre offers further facilities, amenities & entertainment.