Vendor: Executor

A well presented, 1 bedroom ground floor apartment (441 sq ft, source EPC) within a purpose built retirement development. Vacant.

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Description/Location

The property is ready for occupation and will be of interest to occupiers and investors. We estimate the current rental value is £950 pm (occupiers must be aged 60+). At the time of publication, another 1 bedroom, ground floor apartment in the development is listed SSTC against an asking price of £140,000.

Tenure

Leasehold: 125 years from 01/06/1988

Viewing

Network Auctions - 020 7871 0420

Accommodation

Ground Floor: Entrance hall, sitting room, kitchen, double bedroom, bathroom. Outside: Landscaped communal gardens, resident lounge, site manager etc. Unreserved oarking for residents and guests.

Rent

ERV: £11,400 pa

Virtual Tour

Virtual Tour Flat 30, Valley Court

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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.