Lot 7 - TWO BEDROOM TOWN CENTRE RESIDENTIAL INVESTMENT

Withdrawn After

Currently let at £7,800 per annum

A town centre second floor flat situated close to the town centre, the Old High Street and the start of the Creative Quarter. It has a gas heating system via radiators and is being offered subject to the existing Assured Shorthold Tenancy.

Ground Floor

Communal entrance with stairs to upper floors.

Second Floor

Private entrance leading to entrance hall, L-shaped kitchen/dining room, living room, two bedrooms and bathroom with W.C.

Energy Performance Certificate

The EPC shows a total floor area of 77 sq m (828 sq ft) and an energy rating of D (62).

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £650 per calendar month.

Tenure

Remainder of a 125 year lease (less three days) from 1st January 1989 at a current ground rental of £200 per annum.

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/