Flat 32 The Old School Apartments, 56 Main Road, Harwich, Essex, CO12 3LP
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Leasehold
Description
RESIDENTIAL INVESTMENT: A VACANT LEASEHOLD TWO BEDROOM APARTMENT CONSIDERED IDEAL FOR BUY TO INVESTMENT OR OWNER OCCUPATION
A beautifully presented two bedroom apartment with open plan kitchen living room with Juliet balcony two bedrooms and allocated parking. It is considered that this vacant leasehold apartment could make an excellent buy to let investment and could generate a rental income of around £950 per month (£11,400 per annum) which would represent a yield of 11.4% of the guide price. It is also considered that the property could make an excellent home for owner occupation.
Total floor area approximately 570 square foot including:
Entrance Hall
Lounge/Kitchen
Bedroom One
Bedroom Two
Shower Room
125 years from and including 25 March 2015
We are advised that the current ground rent is £800 per annum with a doubling clause that would see it increase to £1600 per annum in 2035 and every 10 years thereafter. This could effect the ability to borrow against the property. We are advised by the seller that the current freeholder has offered them a new lease with a fixed ground rent of £150 per annum which would enable lending for a sum of £17,000. We are also advised that the current service charges are just over £700 per annum. for further details relating to the lease terms and service charges please refer to the legal pack
TBC
Brochures
Legal Documents- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Flat 32 The Old School Apartments, 56 Main Road, Harwich, Essex, CO12 3LP
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Visit our security centre to find out moreDisclaimer - Property reference 337807. 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 Auctions, 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.
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 Auctions, Essex on 01702 311010.
*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.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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