Lot 44 - LEASEHOLD VACANT TWO BEDROOM FLAT FOR INVESTMENT

Withdrawn After

This first floor flat is located in a small residential development built in 2003, within easy reach of local shopping facilities on the A118 Chadwell Heath High Road and just under a mile from Chadwell Heath Mainline Station (London Liverpool Street). The arterial road junction at Barley Lane of the A12 (linking travel into London and out into Essex) is a short drive to the north.

Ground Floor

Communal Entrance to first floor landing.

First Floor

Separate front door, hallway, internal bathroom/W.C., two bedrooms, living room/dining area, kitchen.

Outside

Communal gardens and an allocated car parking space.

Tenure

The remainder of a 150 year lease from 1st October 2001 at a ground rental of £170 per annum.

Auctioneers Note

The property was previously let on an Assured Shorthold Tenancy Agreement. We understand from the seller that local rents for this type of flat would reach between £1,300 to £1,400 per calendar month. We advise that interested parties should make their own investigations as to the future rental potential.

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/