Lot 96: FIRST FLOOR TWO BEDROOM FLAT FOR INVESTMENT

Sold £126,000

A two-bedroom purpose-built first floor apartment situated just south of Grays town centre which offers an array of amenities, shops and schools. The flat has electric heating, replacement uPVC windows and a security entry phone system.

The mainline railway station offers a service to London (Fenchurch Street) and is about half a mile away. The property is about four miles from Lakeside Regional Shopping Centre and M25/A13 Dartford River Crossing.

Ground Floor

Communal entrance way with stairs to:

First Floor

Landing, hallway, living room, kitchen, two bedrooms and family bathroom with W.C.

Outside

Communal gardens and residents parking area.

Tenure

Remainder of a 99 year lease from 25th December 1986 at a current ground rental of £70 per annum.

Auctioneer’s Note

It is estimated that the current market rental for this property would be in the region of £780 per calendar month, over an 8% gross yield if purchased at the guide price and rented at this level.

Leasehold with Vacant Possession

Residential EPC: E