Lot 40 Leasehold Flat InvestmentAuction Date:
20th September 2023
Flat 215, Vert House, Falcon Avenue, Grays, Essex, RM17 6SE
Currently let at £9,600 per annum
This one-bedroom ground floor flat is located in a purpose built block in close proximity to Grays town centre and mainline commuter railway station (C2C services to Fenchurch Street).
Ground Floor
Living/kitchen area, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy for an original term of 12 months from 5th March 2022. We understand from the Seller a new term has been agreed for a further 12 months from 5th September 2023 at an agreed rental of £800 per calendar month.
Further details will be available in the legal pack which may be downloaded from the Clive Emson website.
Tenure
Remainder of a 99-year lease, from 25th December 1988, at a current ground rental of £160 per annum.
Auctioneer’s Note
The Auctioneers have not inspected the property internally and the accommodation details have been provided by the Seller. We have also been informed the flat has an electric heating system.
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
