Lot 62 - LARGE PROPERTY ARRANGED AS FOUR FLATS FOR INVESTMENT

Withdrawn After

Currently let at £31,620 per annum

A very large property standing in a prominent parade of similar buildings and situated close to the town centre and convenient for the mainline commuter railway station.

The property has been converted to provide four self-contained flats with entry phone system.

Ground Floor

Communal entrance hall.

Flat 1

Entrance hall, living room/kitchen to front, bedroom, shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £610 per calendar month.

Flat 2

Ground Floor

Living room and kitchen.

First Floor

Landing, bedroom, shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £675 per calendar month.

Flat 3

First Floor

Entrance hall, living room/kitchen, bedroom and shower room with W.C.

Tenancy

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

Flat 4

Top Floor

Entrance hall, living room/kitchen, bedroom and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.

Basement

Storage Room.

Tenure

Remainder of 125 year ground lease from 28th November 2003. In accordance with a Deed with the freeholder, the freehold will be available for purchase after 28th November 2023 at a price of £100 plus costs, further information will be available within the legal pack available to download from the Clive Emson website.

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/