Lot 112

VACANT GROUND FLOOR FLAT

Flat 7, Wyvern House, Bridge Road, Grays, Essex, RM17 6RS
Flat 7, Wyvern House, Bridge Road, Grays, Essex, RM17 6RS
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

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/