Lot 112: VACANT GROUND FLOOR FLAT

Sold £100,000

A purpose-built one bedroom ground floor flat just south of Grays town centre. The flat requires general upgrading and modernisation but does have electric heating, uPVC windows and security entry-phone system. The property has until recently, been let, and is situated in a popular location for owner-occupiers and renters alike.

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, bedroom and bathroom with W.C.

Outside

Communal gardens and residents parking area.

Tenure

Remainder of a 99 year lease from 25 December 1988.

Auctioneer’s Note

It is estimated that the current market rental for this property would be in the region of £700 per calendar month, which is over an 8% gross yield if purchased at the guide price and rented at this level.

Leasehold with Vacant Possession

Residential EPC: E

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