Lot 27 - RESIDENTIAL INVESTMENT - THREE BEDROOM GROUND FLOOR FLAT

FEBRUARY AUCTION

Currently let at £23,400 per annum

This ground floor flat offering versatile accommodation is situated on Mare Street close to Regents Canal, shopping, bars and restaurants are available in Market Broadway. Heading south on Cambridge Heath Road (A107) within half a mile there are rail connections at Cambridge Heath (overground) and Bethnal Green (Central line).

The flat has double glazed windows, small courtyard outside spaces and under floor heating system.

Ground Floor

Communal entrance leading to private entrance door and reception hallway/TV room, open plan kitchen/diner/living room, three bedrooms and shower room/W.C.

Tenancy

The flat is let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £1,950 per calendar month.

Tenure

Remainder of a 125-year lease, from 24th June 2008. Further information will be available to download from the Clive Emson website.

Auctioneers Note 1

We have been advised by the seller that they are currently in advanced negotiations to purchase a share of the freehold at an approximate cost of £10,000 and this will be passed on to the purchaser (if required). Further information will be available within the legal pack, available to download from the Clive Emson website.

Auctioneer's Note 2

We have been advised by the seller that there is currently works required to the external and communal areas now fallen due at a cost to the owner at approximately £13,000. Further information will be provided in 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/

RESIDENTIAL INVESTMENT - THREE BEDROOM GROUND FLOOR FLAT