Withdrawn

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Leasehold investment opportunity.

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Description/Location

A well presented and maintained, 1 bed, first floor apartment with a long lease, currently let on Assured Shorthold Tenancy in a popular location. There is modern electric heating/hot water system, Upvc windows and an off street parking space. EPC rating D/70

Tenure

Leasehold: Lease 125 Years from 14th February 2008

Local Authority

Maldon District Council

Viewing

Please contact Balgores Network Auctions on 01245 323729.

Accommodation

First floor: Spacious living room/ kitchen, bathroom, double bedroom. Outside: Communal decking area and off street parking space. Auctioneers note: We understand that the current tenant has been renting the property for 8 years and has indicated that they wish to continue renting the property.

Rent

Current Rental Value: £6,600 pa Estimated Rental Value: £6,960 pa

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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.