*Guide | £20,000+ (plus fees)
- Flat
- 1 Bedroom
- Tenure: Leasehold. The property is held on a new 999 year lease.
Call the team on 020 7625 9007 for more information
A Third Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £3,640 per annum
The property comprises a third floor one bedroom flat situated within a mid terrace building arranged over ground and three upper floors.
Tenure
Leasehold. The property is held on a new 999 year lease.
2 Line Address
False
Location
The property is situated on a mixed use road within walking distance of the local shops and amenities as well as the coastline. The open spaces of Regent Park are within easy reach. Transport links are provided by Morecambe rail station.
Accommodation
Third Floor Reception Room Bedroom Kitchen Bathroom with WC & wash basin
Tenancy
The property is subject to an Assured Shorthold Tenancy commencing 13th October 2008 2016 at a rent of £70 per week (holding over). The tenant is in their 8th year of occupation at the same rent, thus the property is extremely underlet. The current rental value is around £375 pcm (£4,500 pa) allowing significant rental income uplift potential.
Lot Type
Residential Investments
Viewing Details
Please refer to us directly on: 0207 625 9007/ info@auctionhouselondon.co.uk
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
