Vendor: Executor

A 2 bedroom, ground floor flat forming part of a purpose built block. The interior will benefit from cosmetic refurbishment. Development potential, vacant.

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Description/Location

The flat is habitable but dated and offers good potential to add value. We estimate a current rental value of £1400 pm / £16,800 pa.

Tenure

Leasehold: 99 years from 25/12/1971 (46 years unexpired). Ground rent £100 pa. Service charge £1200 pa.
Energy Rating: E
Council Tax: C

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Accommodation

Ground Floor: Entrance hall, sitting room, kitchen, 2 bedrooms, bathroom. Outside: Attractive communal grounds, parking for residents and guests (unreserved).

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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.