2 bed Flat For Sale £130,000
For sale by auction on Wednesday, 22 Feb 2023 at 12:00
Venue: Live stream, www.AuctionHouse.Online
A two bedroom ground floor flat currently let on an expired assured shorthold tenancy agreement generating £8,400 per annum thus A yield of 6% if purchased at guide
The property is located in a popular residential location close to shops and amenities, to the rear of the building is this flat with direct access to the garden and an allocated off street parking space to the front. The tenant has been in residence for several years and has indicated that he would like to remain in the property.
Accommodation
Entrance Hall
Lounge: 12'6" x 9'0" (3.83m x 2.75m)
Kitchen: 12'10" x 6'5" (3.92m x 1.98m)
Bedroom 1: 10'2" x 9'8" (3.11m x 2.96m)
Bedroom 2: 9'4" x 6'10" (2.86m x 2.09m)
Bathroom: 7'3" x 4'5" (2.23m x 1.35m)
exterior
The front of the property is concreted allowing for allocated parking bays for some of the flats, the rear garden is a communal garden accessed directly from the flat, other flats may access from the side gate but never do so.
Location
Westcliff-on-Sea is a suburb of the city of Southend-on-Sea, in Essex in the south east of England. It is on the north shore of the lower Thames Estuary, about 34 miles (55 km) east of London.
The property is located in a desirable residential location with sea views from the street, Westcliff Mainline Railway Station is about 500 yards to the East of the property offering C2C Services to London Fenchurch Street. The A13 London Road is located about 700 Yards to the North of the Property offering excellent road access. The seafront, Shops, Bars, Pubs and Restaurants are all within a few minutes walk from the property.
Viewing
Strictly by appointment with the Auctioneer Tel: Notes
Ground Rent is £50.00 per annum
Building Insurance is £417.00 per annum divided between the 4 flats
The Lease is 99 years (Less 10 days) from 25th March 1986 thus 63 years remaining
EPC Rating: D
Viewings
17 Aug 2022 11:45-12:15
30 Aug 2022 14:00-14:30
12 Sep 2022 11:00-11:30
17 Sep 2022 10:00-10:30
Additional Fees
Buyers Premium: 1.2% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.
Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Live stream, www.AuctionHouse.Online
A two bedroom ground floor flat currently let on an expired assured shorthold tenancy agreement generating £8,400 per annum thus A yield of 6% if purchased at guide
The property is located in a popular residential location close to shops and amenities, to the rear of the building is this flat with direct access to the garden and an allocated off street parking space to the front. The tenant has been in residence for several years and has indicated that he would like to remain in the property.
Accommodation
Entrance Hall
Lounge: 12'6" x 9'0" (3.83m x 2.75m)
Kitchen: 12'10" x 6'5" (3.92m x 1.98m)
Bedroom 1: 10'2" x 9'8" (3.11m x 2.96m)
Bedroom 2: 9'4" x 6'10" (2.86m x 2.09m)
Bathroom: 7'3" x 4'5" (2.23m x 1.35m)
exterior
The front of the property is concreted allowing for allocated parking bays for some of the flats, the rear garden is a communal garden accessed directly from the flat, other flats may access from the side gate but never do so.
Location
Westcliff-on-Sea is a suburb of the city of Southend-on-Sea, in Essex in the south east of England. It is on the north shore of the lower Thames Estuary, about 34 miles (55 km) east of London.
The property is located in a desirable residential location with sea views from the street, Westcliff Mainline Railway Station is about 500 yards to the East of the property offering C2C Services to London Fenchurch Street. The A13 London Road is located about 700 Yards to the North of the Property offering excellent road access. The seafront, Shops, Bars, Pubs and Restaurants are all within a few minutes walk from the property.
Viewing
Strictly by appointment with the Auctioneer Tel: Notes
Ground Rent is £50.00 per annum
Building Insurance is £417.00 per annum divided between the 4 flats
The Lease is 99 years (Less 10 days) from 25th March 1986 thus 63 years remaining
EPC Rating: D
Viewings
17 Aug 2022 11:45-12:15
30 Aug 2022 14:00-14:30
12 Sep 2022 11:00-11:30
17 Sep 2022 10:00-10:30
Additional Fees
Buyers Premium: 1.2% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.
Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
