Withdrawn | Lot 3

Flat 4, Marinor Court, 41 Marine Parade East, Clacton-On-Sea, Essex, CO15 6AD

Withdrawn

  • Studio
  • 1 Bedroom
  • Tenure: Leasehold

Call the team on 01702 33 33 99 for more information

Auction Date

Wed 28/03/2018

Auction Time

19:00

Auction Venue

Best Western Marks Tey Hotel London Road, Marks Tey, Colchester, CO6 1DU

Viewing Times:

Tue 13 Mar

17:00-17:30

Sat 17 Mar

09:00-09:30

Thu 22 Mar

17:00-17:30

BUY TO LET INVESTMENT: A LEASEHOLD STUDIO FLAT CURRENTLY LET PRODUCING £5,500 PER ANNUM, AN 11% YIELD OF THE GUIDE PRICE

Situated 250 yards from the seafront and being offered with a 125 years lease, a tenanted studio apartment currently producing £5,500 pa. This returns a yield of 11% of the guide price.

Tenure

Leasehold

ACCOMMODATION

Bedroom, Lounge Kitchenette Bathroom

LEASE

The vendor informs us that a new 125 year lease is being offered with the property

NOTES

A Premium of £1,500+vat will be payable by the buyer on Exchange of Contracts There is a £600 pa Maintnenace Charge & £250 pa Ground Rent

VIEWING

Strictly by appointment with the auctioneer Tel: 01206 589 280

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Tendring District Council

Additional Fees

Buyer's Premium - £1800 inc VAT payable on exchange of contracts.

Administration Charge - £720 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.