Lot 53 Two-bedroom Flat InvestmentAuction Date:
4th May 2023
Flat 20, Archers Court, Arisdale Avenue, South Ockendon, Essex, RM15 5BD
Currently let at £11,340 per annum
A two-bedroom purpose built flat in a development situated in close proximity to South Ockendon town centre and within easy reach of Ockendon Station (C2C services to London Fenchurch Street).
Accommodation
Two bedrooms, bathroom with W.C., living area, Kitchen area.
Outside
There are communal garden areas and allocated parking to the rear of the building.
Tenancy
Let on an Assured Shorthold Tenancy Agreement for a term of 12 months from 15th June 2022 at a current rent of £945 per calendar month.
Tenure
Remainder of a 125-lease from 24th June 1991 at a current ground rent of £100 per annum.
Council Tax Band B
Auctioneer's Note
At the time of publication, the Auctioneers have been unable to internally inspect the property. These details have been provided by the seller and interested applicants are advised to rely on their own investigations to verify the information provided.
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
