A vacant period, first floor 1 bedroom conversion apartment in good order, located in a popular residential area close to local amenities and seafront. Ideal for owner occupation or letting investment with an estimated rent of £975 pcm, gross yield 8.25% pax.
Auction Date
To be sold by online auction on Friday 16th December 2022 with a 4 week completion, bidding will open at 10.00.
To View
Viewings will be conducted prior to the auction, please visit our website to book an appointment at
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Close to seafront and University campus * Good access to Southend High Street * Rail service to London Liverpool Street * Road links via A127 to the A13 & M25
Description
* Conversion apartment * 1 bedroom * Good condition * Good investment potential
Accommodation
Comprises:
Ground Floor
Communal entrance stairs to first floor
First Floor
Entrance hall, living room, bedroom, kitchen, bathroom.
EPC Rating
C
Tenure
Leasehold with vacant possession
Lease
99 years from 2nd August 2019 - 95 years remaining.
Ground Rent And Service Charge
Please see legal pack for further details.
Council Tax Band
A - Southend-on-Sea
Legal Pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Guide Prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Additional Fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.