Lot 40 - Leasehold Flat Investment
Flat 215, Vert House, Falcon Avenue, Essex, RM17 6SE
Guide Price: *
£105,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£105,000Bid history
1 bidA
20/09/2023 16:07:16 - £105,000
Guide Price* : £110,000-£115,000
Currently let at £9,600 per annum
This one-bedroom ground floor flat is located in a purpose built block in close proximity to Grays town centre and mainline commuter railway station (C2C services to Fenchurch Street).
Ground Floor
Living/kitchen area, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy for an original term of 12 months from 5th March 2022. We understand from the Seller a new term has been agreed for a further 12 months from 5th September 2023 at an agreed rental of £800 per calendar month.
Further details will be available in the legal pack which may be downloaded from the Clive Emson website.
Tenure
Remainder of a 99-year lease, from 25th December 1988, at a current ground rental of £160 per annum.
Auctioneer’s Note
The Auctioneers have not inspected the property internally and the accommodation details have been provided by the Seller. We have also been informed the flat has an electric heating system.
Joint Auctioneer
Griffin Residential Group, 4-6 Queensgate Centre, Orsett Road, GRAYS, Essex, RM17 5DF, 01375 808474
Summary
- Lot number
- 40
- Auction end
- 20th Sep at 16:17
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 40
- Auction end
- 20th Sep at 16:17
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Essex, North & East London
01245 205778
First Floor, 129 New London Road, Chelmsford, Essex, CM2 0QT
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
