1 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Freehold Residential Reversionary Investment
- Secured on two 1 Bed Self Contained Flats
- Each Lease has only 62 Years Remaining
- Ground Rent Income of £200 PA rising to £300 PA in 2033
- Guide price: £15,000 to £20,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 11th December 2024
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 11TH DECEMBER 2024 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Freehold Ground Rent Investment secured upon 2 Self-contained Flats
A 2 storey House situated in a popular residential location of Southchurch, arranged as 2 self-contained Flats. Both Flats are sold on Leases. There are only 62 years remaining on each Lease, it is expected that the lessees will wish to extend their respective leases, at some point in the near future, particularly if they are considering selling.
Each flat pays an Annual Ground Rent of £100. This rises to £150 PA in 2033.
59 Stromness Road A Ground Floor one Bedroom Flat
59A Stromness Road A First Floor one Bedroom Flat
Tenure: Freehold
EPC Rating: C
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Places of interest
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Property reference 202409160945sq_ugos. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House - East Anglia.
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Broadband availability and predicted speed: obtained from Ofcom on February 8, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 8, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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