Postponed to our next auction on Thursday 9th June

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Freehold investment - A semi detached property comprising 2 x studio flats (one let and one vacant) close to Chelmsford City centre.

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Description/Location

The property, which is good order and has one parking space, is situated within 0.5 miles of the city centre. The first floor flat is let and currently producing £625 per calendar month. The ground floor flat is currently vacant. Chelmsford railway station 0.6 miles

Tenure

Freehold

Local Authority

Essex County Council

Viewing

Please contact Balgores Network Auctions on 01245 492424.

Accommodation

Ground floor: Studio flat comprising living room/bedroom, kitchen, shower room First floor: Studio flat comprising living room/bedroom, kitchen, bathroom Outside: One parking space

Rent

Current rent £7,500 per annum Potential rent £15,000 per annum

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*Guide Price & Reserves

Generally speaking Guide Prices 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. Virtually every 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.