A one-bedroom leasehold retirement flat is up for auction in Witham Town Centre, close to local amenities and transport links. The property is currently let on an assured shorthold tenancy, generating an annual income of £10,320, which represents a yield of nearly 19% of the guide price. The flat has a total floor area of 442 square feet, comprising a lounge, kitchen, bedroom, and shower room. The property is located in Mill Vale Lodge, which offers residents parking, a communal launderette, kitchen, and lounge, as well as a full-time House Manager who lives on-site. The property is being sold with a 99-year lease from 1987, with 61 years remaining, and the buyer will be responsible for paying a service charge of £368 per month and a ground rent of £112 per annum. The property will be sold live-streamed via the Dedman Gray website, with bidding available by telephone, proxy, and online.