Lot 75 - FLAT FOR INVESTMENT IN POPULAR COMMUTING AREA

Sold £125,000

This one bedroom second floor purpose-built flat is located in a turning just off London Road, within close proximity to Purfleet Station (C2C London Fenchurch Street) and the new Harris Academy Riverside School complex.

Accommodation

Communal entrance, communal staircase and landings to all floors. Separate flat door, hallway, living room, kitchen, double bedroom and bathroom/W.C. Electric heating (not tested).

Tenure

Remainder of a 99-year lease, from 1st January 1994, at a current ground rental of £90 per annum, rising to £180 per annum from 2027.

Auctioneer's Note

Interested parties should note that Purfleet Centre Regeneration Limited (PCRL), in partnership with Thurrock Council are delivering a £1 billion regeneration project that will transform the area into a desirable, riverside destination. For further details visit www.ourpurfleet.com.

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/