Lot 3 - LEASEHOLD RESIDENTIAL INVESTMENT

Sold £159,000

Currently let at £4,536 per annum

A fantastic opportunity to acquire this two-bedroom residential investment, situated in a purpose built block, and let to a Regulated Tenant at a current Registered Rental of £4,536 per annum.

Southall Court is located less than one mile from the centre of Southall in the London Borough of Ealing, offering easy access to a wide variety of local shops, amenities and mainline railway station.

Accommodation

Living room, kitchen, bathroom with W.C. and two bedrooms.

Auctioneer's Note

At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by information from the register of fair rents and interested applicants should rely on their own investigations to verify the information provided.

Tenancy

Let to a Regulated Tenant at the current Registered Rental of £378 per calendar month.

Tenure

Remainder of a 189-year lease, from 24th June 1986, at a peppercorn ground rent.

Council Tax Band B

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/