A Two Bedroom First Floor Flat

The property comprises a first floor two bedroom flat situated within a purpose built building arranged over ground and two upper floors.

Tenure

Leasehold. The property is held on a 125 year lease from 26th March 2008 (thus approximately 116 years unexpired).

Location

The property is situated on a residential road close to local shops and amenities and just half a mile from the beach and coastline. The green open spaces of Eden Lane Park and Horden Welfare Park are within easy reach. Castle Eden Dene National Nature Reserve is also within close proximity.

Accommodation

First Floor Two Bedrooms Reception Room with Open Plan Kitchen Bathroom with WC & wash basin

The LHA rates for a 1 bedroom property in this postcode is £97.81 per week. Thus potential income of £5,086.12 per annum (source: https://lha-direct.voa.gov.uk)

Viewing Details

Open House Viewings Tuesday 29th August 16:00-16:30 Friday 1st September 17:00-17:30 Monday 4th September 17:00-17:30 Saturday 9th September 10:00-10:30

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On the Instructions of

Addendum

Please note that this property is subject to a Buyers Premium of £150 + VAT. This is in addition to the buyer's admin fee of £650 + VAT charged by the auctioneers. The property is held on a 125 year lease from 26th March 2008 (thus approximately 116 years unexpired).

Energy Efficiency Rating (EPC)

Current Rating B

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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.