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2 bedroom ground maisonette for sale

Key Road, Clacton-on-Sea, Essex, CO15 3DB

Guide Price* £80,000

Property Description

Key features

  • Leasehold
  • By appointment with the Auctioneers

Full description

Tenure: Leasehold

FOR SALE BY PUBLIC AUCTION Holiday Inn Hotel, London Southend Airport, Southend-on-Sea, Essex SS2 6XG Wednesday 7th December at 2pm

INVESTMENT OPPORTUNITY: A LEASEHOLD TWO BEDROOM GROUND FLOOR MAISONETTE CURRENTLY LET ON AN ASSURED SHORTHOLD TENANCY AGREEMENT
Located on an established non-estate position close to the Clacton on Sea town centre is this two bedroom maisonette with off street parking and its own private rear garden. It is considered that the property makes an ideal buy to let investment offering an 8.7% return of the guide price. There is an opportunity to extend the Lease to 999 Years or to purchase the Freehold.
Lounge - 11'5 x 11'4
Kitchen - 11'3 x 9'1
Bedroom One - 11'4 x 7'6
Bedroom Two - 11'5 x 6'10
Bathroom
Separate Cloakroom
Rear Garden
The property is currently let on an Assured Shorthold Tenancy Agreement producing an annual income of £6,960.
The property is subject to a lease of 99 years from the date of 25th December 1988 with 72 years remaining. We have been informed by the Freeholder that an extension to 999 Years would cost around £8,000 and to purchase the Freehold of the property would cost around £15,000.
D


Listing History

Added on Rightmove:
26 September 2016

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Disclaimer - Property reference 54514. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Auction, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auction, Essex on 01702 311010.


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