A TWO BEDROOM GROUND FLOOR FLAT CURRENTLY LET ON AN EXPIRED ASSURED SHORTHOLD TENANCY AGREEMENT GENERATING £8,400 PER ANNUM THUS A YIELD OF 6% IF PURCHASED AT GUIDE
The property is located in a popular residential location close to shops and amenities, to the rear of the building is this flat with direct access to the garden and an allocated off street parking space to the front. The tenant has been in residence for several years and has indicated that he would like to remain in the property.
Entrance Hall Lounge: 12'6" x 9'0" (3.83m x 2.75m) Kitchen: 12'10" x 6'5" (3.92m x 1.98m) Bedroom 1: 10'2" x 9'8" (3.11m x 2.96m) Bedroom 2: 9'4" x 6'10" (2.86m x 2.09m) Bathroom: 7'3" x 4'5" (2.23m x 1.35m)
The front of the property is concreted allowing for allocated parking bays for some of the flats, the rear garden is a communal garden accessed directly from the flat, other flats may access from the side gate but never do so.
Westcliff-on-Sea is a suburb of the city of Southend-on-Sea, in Essex in the south east of England. It is on the north shore of the lower Thames Estuary, about 34 miles (55 km) east of London. The property is located in a desirable residential location with sea views from the street, Westcliff Mainline Railway Station is about 500 yards to the East of the property offering C2C Services to London Fenchurch Street. The A13 London Road is located about 700 Yards to the North of the Property offering excellent road access. The seafront, Shops, Bars, Pubs and Restaurants are all within a few minutes walk from the property.
Strictly by appointment with the Auctioneer Tel: 01702 333 399
Ground Rent is £50.00 per annum Building Insurance is £417.00 per annum divided between the 4 flats The Lease is 99 years (Less 10 days) from 25th March 1986 thus 63 years remaining UPON SALE The Freeholder will grant an additional 99 years for a cost of £2,500.00 plus £840.00 legal fees
Energy Efficiency Rating (EPC)
Current Rating D
Southend on Sea Borough Council
Buyer's Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £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.