Long leasehold, 3rd floor studio flat, let on an AST producing £9504 pa.

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Description/Location

Well situated close to the town centre amenities, the property is well presented. The local authority have confirmed that from 04/25, rents will increase from £792 pm to £847 pm / £10,164 pa.

Tenure

Leasehold: 999 years from 25/06/1988 (962 years unexpired).

Viewing

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Accommodation

Third Floor: Lobby, large open plan studio space with kitchen area, shower room.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 inc VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.