1 bed Flat For Sale £60,000
For sale by auction on Wednesday, 22 Feb 2023 at 12:00
Venue: Live stream, www.AuctionHouse.Online
A one bedroom self contained top floor flat currently tenanted on an assured shorthold tenancy agreement generating £4,200.00 per annum thus generating A yield of 7% if purchased at guide.
The flat boasts good size rooms, well arranged across the property. It would benefit from a new kitchen and some redecoration . Ideally Located within close proximity and walking distance to Harwich town centre. The property is sold with a 25% share of the Freehold. The vendor has issued a new AST starting from March 2023 with a rent payable of £6,300p.a. Thus generating a yield of 10.5% if purchased at Guide.
Accommodation
Lounge/Diner: 19" 2' x 10" 7' ( 5.86m x 3.25m)
Kitchen: 11" x 5" 3' ( 3.36m x 1.62m)
Bedroom: 12" 3' x 9" 7' ( 3.75m x 2.93m)
Bathroom: 8" x 5" 4' ( 2.44m x 1.65m)
Small hallway leading into the open plan lounge/diner area
location
Harwich is a town in Essex and one of the Haven ports on the North Sea coast. It is in the Tendring district. Nearby places include Felixstowe to the north-east, Ipswich to the north-west, Colchester to the south-west and Clacton-on-Sea to the south. It is the northernmost coastal town in Essex.
The port at Harwich has recently been awarded the status of freeport which should generate jobs and industry in the area.
The property is located about 1/2 a Mile to the South of Harwich port and is within easy walking distance (about 1 minute) of Dovercourt Mainline Railway Station offering services to London Liverpool Street or Norwich. There are shops, bars and restaurants all within easy walking distance and the Seafront is about 250 Yards to the South of the property.
Viewing
Strictly by appointment please contact the auctioneer Tel: EPC Rating: E
Viewings
11 Feb 2023 12:00-12:30
15 Feb 2023 10:00-10:30
Additional Fees
Buyers Premium: £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 one bedroom self contained top floor flat currently tenanted on an assured shorthold tenancy agreement generating £4,200.00 per annum thus generating A yield of 7% if purchased at guide.
The flat boasts good size rooms, well arranged across the property. It would benefit from a new kitchen and some redecoration . Ideally Located within close proximity and walking distance to Harwich town centre. The property is sold with a 25% share of the Freehold. The vendor has issued a new AST starting from March 2023 with a rent payable of £6,300p.a. Thus generating a yield of 10.5% if purchased at Guide.
Accommodation
Lounge/Diner: 19" 2' x 10" 7' ( 5.86m x 3.25m)
Kitchen: 11" x 5" 3' ( 3.36m x 1.62m)
Bedroom: 12" 3' x 9" 7' ( 3.75m x 2.93m)
Bathroom: 8" x 5" 4' ( 2.44m x 1.65m)
Small hallway leading into the open plan lounge/diner area
location
Harwich is a town in Essex and one of the Haven ports on the North Sea coast. It is in the Tendring district. Nearby places include Felixstowe to the north-east, Ipswich to the north-west, Colchester to the south-west and Clacton-on-Sea to the south. It is the northernmost coastal town in Essex.
The port at Harwich has recently been awarded the status of freeport which should generate jobs and industry in the area.
The property is located about 1/2 a Mile to the South of Harwich port and is within easy walking distance (about 1 minute) of Dovercourt Mainline Railway Station offering services to London Liverpool Street or Norwich. There are shops, bars and restaurants all within easy walking distance and the Seafront is about 250 Yards to the South of the property.
Viewing
Strictly by appointment please contact the auctioneer Tel: EPC Rating: E
Viewings
11 Feb 2023 12:00-12:30
15 Feb 2023 10:00-10:30
Additional Fees
Buyers Premium: £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.
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