Lot 50: WELL PRESENTED LEASEHOLD TWO BEDROOM FLAT FOR INVESTMENT

An upper ground floor bay-fronted flat situated on the seafront, close to the harbour and the Creative Quarter.

The well presented two bedroom flat which, we understand from the seller was refurbished in 2020 and is one of two remaining flats to be sold within this block of 14. It has electric heating via radiators and is currently let under the terms of an Assured Shorthold Tenancy.

Upper Ground Floor

Entrance hall, kitchen/living room with bay window to front, two bedrooms, bathroom/W.C. and store/boiler room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £850 per calendar month.

Tenure

A new 125 year lease is to be granted at a current rental of £250 per annum (fixed throughout the term).

Auctioneer’s Note

We understand the freeholder is currently re-decorating the front elevation of the block at their own cost and is due to be completed in March 2021.

Residential EPC: C

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