Upcoming
Guide Price
£90,000 *PLUS FEES
Unconditional Online Auction Sale
BUY TO LET INVESTMENT: A LEASEHOLD ONE BEDROOM GROUND FLOOR FLAT WITH TENANT IN SITU AN IDEAL BUY TO LET INVESTMENT WITH 8.6% YIELD OF THE GUIDE PRICE
Description
A spacious one bedroom ground floor flat which is let and close to local amenities such as shops and restaurants. The flat is a 15 minute walk to Shoeburyness Railway station and a 20 minute walk from East Beach. It is considered that the property would be an ideal buy to let investment.
Tenure
Leasehold
Accommodation
Entrance Hall
Lounge/Diner - 16'7 x 12'4
Kitchen - 9'4 x 5'8
Bedroom - 14'7 x 8'1
Bathroom/WC - 10'10 x 5'8
Rent Reserved
The property is currently let on an Assured Shorthold Tenancy agreement with a monthly rent of £650 (£7,800 per annum). It is considered that the current rental figure is below market value.
Lease Details
A 158 year lease commenced on 14th November, 2019 with 151 years remaining
Viewing
Strictly by appointment with the Auctioneers
Tenancy
We are advised that the flat is let at £650 p/c/m and the tenancy agreement will be provided - please refer to the legal pack
Service Charge & Rent
Please refer to the legal pack
Auctioneers Note
Dedman Gray Auctions Ltd have not visited or carried out an inspection of these premises. All information shown on this page has been provided to us by the vendor.
EPC Rating
D
Auction Date & Venue
FOR SALE BY ONLINE AUCTION ON THURSDAY, 4TH NOVEMBER 2026 AT 11.00am VIA DEDMAN GRAY WEBSITE.
Legal Documents Link
https://auctioneertemplates.eigroup.co.uk/guides.aspx?a=73&c=ded
Lease Start Date
14/11/2019
Lease Duration
158 years (151 years unexpired)
Documents
Legal documents
Agreement documents
Make an enquiry
Submit an enquiry and someone will be in contact shortly.
* 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.
Upcoming
Guide Price
£90,000 *PLUS FEES
Unconditional Online Auction Sale
BUY TO LET INVESTMENT: A LEASEHOLD ONE BEDROOM GROUND FLOOR FLAT WITH TENANT IN SITU AN IDEAL BUY TO LET INVESTMENT WITH 8.6% YIELD OF THE GUIDE PRICE
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