Lot 100: TWO BEDROOM GROUND FLOOR FLAT FOR IMPROVEMENT

Vacant Residential - Grays
Vacant Residential - Grays
Rear
Sold £110,000

This two bedroom ground floor flat with electric heating, uPVC windows and security entry-phone system is situated in a popular location for owner-occupiers and renters alike. The property now requires a programme of general modernisation and upgrading.

The town, which is about half a mile away, has an array of local amenities, shops and restaurants along with mainline railway station offering direct links to London (Fenchurch Street). The property is about four miles from Lakeside Regional Shopping Centre and the M25/A13 Dartford River Crossing.

Ground Floor

Communal entrance hall, private reception 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 1988.

Auctioneer’s Note

It is estimated that the current market rental for this property would be in the region of £785 per calendar month, which is over a 9% gross yield if purchased at the guide price and rented at this level.

Leasehold with Vacant Possession

Residential EPC: D