Lot 126 Residential Investment - Ground Floor Studio FlatAuction Date:
20th September 2023
21 Wingrove Court, Broomfield Road, Chelmsford, Essex, CM1 4ES
Currently let at £6,000 per annum
This ground floor studio flat is situated to the north of Chelmsford City Centre, off Broomfield Road at its junction with Patching Hall Lane. On Broomfield Road there is a parade of shops including Tesco Express. There are bus stops nearby giving good access to Chelmsford City Centre and Broomfield hospital. Chelmsford has a mainline railway station offering good commuter service to London (Liverpool Street) in approximately 35 minutes
The flat is currently tenanted, but does require some modernisation and improvement to bring it up to a good standard and potentially increase the market rental and yield.
Ground Floor
Communal entrance accessed from the car park to the rear of the building, private entrance, living room/bedroom, kitchen, inner hallway/dressing room with storage cupboard and shower room with W.C.
Outside
Communal grounds, bin store and residents parking area.
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £500 per calendar month.
Tenure
Remainder of 120-year lease from 1st May 1983 at a current ground rental of £62 per annum.
Viewing
Interested applicants may view externally only and are requested not to contact the tenant direct. Further photographs and video are available on the Clive Emson website.
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
