Lot 72: LEASEHOLD RESIDENTIAL INVESTMENT

Guide Price £90,000 – £100,000 *
264 Russet House,
Falcon Avenue,
Grays,
Essex. RM17 6SF

Currently let at 7,200 per annum

Viewing by arrangement with Clive Emson Auctioneers

01245 205778

Paul Bridgeman/Martin Hardy

This leasehold investment opportunity comprises a flat occupying a top floor position in this four storey building. Russet House is situated within one mile of Grays mainline railway station to London (Fenchurch Street) and Grays shopping centre. In addition the Grays Beach Riverside Park is approximately half a mile away.

Ground Floor

Communal entrance way with stairs giving access to all levels.

Third Floor

Private entrance door, living room, kitchen, sleeping area and bathroom.

Outside

There are communal grounds and residents parking area.

Auctioneer's Note

At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of 600 per calendar month.

Tenure

The lease was extended in 2013 and now has the reminder of a 164 year lease from 18th March 2013, expiring on 24 December 2177, with a ground rental of a peppercorn.

Residential EPC: D

Map

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.