Long leasehold, 3rd floor studio flat, let on an AST producing £9504 pa.
Description/Location
Well situated close to the town centre amenities, the property is well presented. The local authority have confirmed that from 04/25, rents will increase from £792 pm to £847 pm / £10,164 pa.
Tenure
Leasehold: 999 years from 25/06/1988 (962 years unexpired).
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Legal documents
*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 £2,100 (inc. VAT) unless otherwise stated in the addendum (£600 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.
Property Information
Important Notes for Auction Bidders View legal documents REGISTER TO BIDGet in touch
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