Lot 110 Vacant Studio Flat For InvestmentAuction Date:
20th March 2024
53C London Road, Sawbridgeworth, Hertfordshire, CM21 9JH
Estimated rental value £9,300 per annum
A well presented characterful studio with raised mezzanine level, situated in Sawbridgeworth town centre and a short distance from local shops, restaurants, cafés, pubs and other amenities.
Transportation links include Sawbridgeworth main line railway station to London (Liverpool Street) and Cambridge. There are further amenities of shopping and leisure facilities available in the surrounding towns of Bishops Stortford and Harlow.
The flat occupies a top floor position and features a vaulted ceiling, exposed brickwork, timbers and gas heating system via radiators.
Ground Floor
Communal entrance way with stairs to first floor.
First Floor
Private entrance door opening to reception hallway and stairs to second floor.
Second Floor
Landing, kitchen/dining room, bathroom with W.C, living/bedroom, stairs to mezzanine level with restricted head room.
Tenure
Remainder of a 999-year lease from 1st January 1998 at a current ground rental of £150 per annum.
Council Tax Band A
Auctioneers Note
The Joint Auctioneers feel that an estimated rental value would be in the region of £750 - £800 per calendar month.
Leasehold with Vacant Possession
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
