Lot 13 Freehold Terrace House - Residential InvestmentAuction Date:
1st November 2024
11 Ilex Close, Colchester, Essex, CO2 9QB
Currently let at £26,280 per annum
This mid-terrace house, set up as a HMO, is currently fully let and situated off Berechurch Road to the south of Colchester city centre.
Ground Floor
Entrance porch, reception hallway, living room currently being utilised as a bedroom, kitchen/dining room.
First Floor
Landing, three bedrooms and bathroom.
Outside
Gardens to both front and rear.
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 should rely on their own investigations to verify the information provided.
Tenancy
At present all four lettable rooms are occupied and producing £2,190 per calendar month, further information will be contained within the legal pack, available to download from the Clive Emson website.
Council Tax Band C
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
