FOR SALE BY ONLINE AUCTION - 6 WEEKS’ COMPLETION - A vacant top floor 1 bedroom apartment within walking distance to Southend Town Centre, Prittlewell Station and local shops. Requiring complete modernisation the apartment would make an ideal investment with an estimated rental of £750 PCM (10% gross yield PAX).Auction date
To be sold by online auction on Friday 26th August 2022, bidding will open at 10.00.
To view
A virtual tour is available, or book an appointment at the following times: * Tuesday 16 August at 12.00 * Thursday 18 August at 12.00 * Tuesday 23 August at 12.00 * Thursday 25 August at 12.00
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Close to town centre * Walking distance to Prittlewell train station with direct access to London Liverpool Street
Description
* Top floor apartment * 1 bedroom * Requiring modernisation * Allocated parking * Good investment potential
Accommodation
Entrance hall, living room, kitchen, bedroom, bathroom
Outside
Allocated parking
EPC rating
D
Tenure
Leasehold with vacant possession.
Lease
199 years from 25 March 1989 - 165 years remaining
Ground rent and service charge
Please see legal pack for further details.
Council tax band
B - Southend-on-Sea
Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty’s Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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