For Sale By Auction | 19:00, 22 October 2019 | Lot 3

Flat 4, 55 Finchley Road, Westcliff-On-Sea, Essex, SS0 8AD

*Guide | £85,000 (plus fees)

  • Flat
  • 1 Bedroom
  • Tenure: Leasehold. Term of 99 years from 25th December 1987

Call the team on 01702 33 33 99 for more information

Auction Date

Tue 22/10/2019

Auction Time

19:00

Auction Venue

Crondon Park Golf & Country Club Stock Road, Stock, Ingatestone, CM4 9DP

Viewing Times:

Fri 11 Oct

10:00-10:30

Tue 15 Oct

10:00-10:30

OF INTEREST TO INVESTORS WILL BE THIS ONE BEDROOM FIRST FLOOR FRONT FLAT WHICH IS CURRENTLY LET AT £465 PCM REPRESENTING A YIELD OF 6.5% IF PURCHASED AT GUIDE PRICE.

A one bedroom first floor flat situated in a convenient location for all amenities including Westcliff railway station, Hamlet Court Road shops and the local medical centre. The property is let on an Assured Shorthold (Periodic) Tenancy and benefits from gas central heating (not tested) and is in need of modernisation and refurbishment.

Tenure

Leasehold. Term of 99 years from 25th December 1987

ACCOMMODATION

Ground Floor: Communal entrance hall with stairs leading to the flat First Floor: Door to L shaped hall with doors leading to all rooms and access to loft space Bedroom - 13'7" x 9'9" (4.18m x 3.01m) Bathroom/WC - 7'8" x 6'5" (2.38m x 1.99m) Lounge - 16'4" x 11'1" (5.00m x 3.37m) Kitchen - 11'4" x 6'5" (3.47m x 1.97m)

TENURE

Leasehold - subject to an Assured Shorthold (Periodic) Tenancy. The tenant has been in occupation for many years and would like to remain.

NOTE

At the time of publication we had not had sight of the tenancy agreement, prospective purchasers must rely on their own enquiries in this respect.

VIEWING

Strictly by appointment with the Auctioneers - Tel:01702 333399 and at the courtesy of the tenant.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Southend on Sea Borough Council

Additional Fees

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

Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 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.