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Our Summary
- ** FOR SALE BY LIVESTREAM AUCTION WEDNESDAY 24TH JUNE 1
- 00 PM ** GUIDE PRICE £40,000 TO £50,000 *** VIEWINGS BY APPOINTMENT ** This ground floor studio flat requires some updating but offers excellent investment potential
- There is also potential to add significant value by way of future lease extension
- Outside - Parking - There is a resident car park to the rear, please refer to the lease and auction pack to verify any parking rights or arrangements
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Each 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
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Description
The property is a ground floor studio flat requiring some updating. It has a 17ft studio room, a separate kitchen, and a separate bathroom. The flat is situated on the ground floor with an intercom entry system and laminate flooring throughout.
The kitchen has a range of wall and base units, a stainless steel sink unit, and space for appliances. The bathroom features a bath with a power shower over, a sink, a WC, and tiled splash areas. There is a resident car park to the rear and parking rights or arrangements are described in the lease.
The flat has a 99-year lease remaining with 59 years left and a peppercorn ground rent and service charge of £800 per year.