Lot 82 Top Floor Flat For InvestmentAuction Date:
2nd November 2022
40C Freeland Road, Clacton-on-Sea, Essex, CO15 1LW
Currently let at £7,800 per annum
Situated in a three storey building on Freeland Road which runs parallel with Marine Parade West and the seafront (just one road back).
This one-bedroom top floor flat is well placed for the seafront, recreational facilities and town centre as well as Clacton-on-Sea railway station which offers service to London (Liverpool Street).
Ground Floor
Communal entrance.
Second Floor
Living room, kitchen, bedroom, bathroom with separate W.C.
Outside
There is a section of garden to the rear.
Tenure
Remainder of a 99-year lease from 25th March 1988 at a current ground rental of £75 per annum according to the lease, however, we have been advised by the seller solicitors that a ground rent of £250 per annum is being demanded by the managing agent without explanation.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £650 per calendar month.
Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
