Lot 12: TWO BEDROOM TOP FLOOR FLAT

Vacant Residential - Grays
Vacant Residential - Grays
Vacant Residential - Grays
View from Bedroom
Withdrawn After

This top floor two bedroom flat is situated in Stifford Clays, a residential area of Grays and is within easy reach of local shops, pubs and eateries. There is a local primary school within walking distance and Grays mainline station is just over two miles away with its regular service into London (Fenchurch Street). The property could benefit from some general maintenance but does have gas heating via radiators and would suit an investor or owner occupier.

Ground Floor

Stairs from street level to first floor walkway.

First Floor

Communal lobby to front door.

Second Floor

Landing, two bedrooms, bathroom with W.C. and open plan living room with kitchenette.

Tenure

Remainder of a 99 year lease from 1st January 2006 at a current ground rent of £100 per annum and rising.

Auctioneer’s Note

It is estimated that the current market rental for this property would be in the region of £820 per calendar month which would offer over a 7% gross yield if purchased at the top of the guide range and rented at this level.

Leasehold with Vacant Possession

Residential EPC: C

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