Property description

For sale by auction on Wednesday, 30 Mar 2022 at 12:00

Venue: Live stream www.AuctionHouse.Online,

A two bedroom first floor flat currently let on A 12 month AST generating £9,600 per annum or A 6.8% yield if bought at guide

The property benefits from its own private front door accessed by a locked side gate and an external set of stairs. The vendor advises no late payments or arrears and the tenant would like to continue living in the property long term.

Accommodation
Lounge: 13'5" x 11'4" (4.11m x 3.46m)
Kitchen: 14'4" x 6'11" (4.38m x 2.12m)
Bedroom 1: 12'3" x 9'11" (3.75m x 3.04m)
Bedroom 2: 10'8" x 10'2" (3.27m x 3.10m)
Bathroom:

Exterior
There is a located gate to Eastern side of the property that allows access to the rear garden area and the stairs leading up to Flat A

location
Sitting on the A13 London Road in the popular are of Leigh on Sea, the property is ideally located for easy access to the shops, bars and restaurants. Adjacent to the East of the property is the Leigh Cemetery

viewing
Strictly by appointment with the auctioneer Tel: EPC Rating: C

Additional Fees
Buyers Premium: 1.2% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.

Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.