1 bedroom flat for sale

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1 bedroom flat for sale

Princess Margaret Road, East Tilbury, TILBURY
£50,000

Our Summary

  • SUMMARYAUCTION SALE 29 July 2025 - Leasehold First Floor Flat, Investment Let on an AST, Rent Reserved £7,920 per annum
  • AUCTION SALE

Description

A leasehold first-floor flat is being sold at auction on July 29, 2025, with a rent reserved of £7,920 per annum. The property is located in a mixed-use block off Princess Margaret Road, with public transport links and local shopping facilities nearby. The flat has one bedroom, a reception room with an open-plan kitchen, and a bathroom/wc. It is currently let on an assured shorthold tenancy at a rent of £660 per month. The property is held on a lease for 99 years from 1982, with approximately 57 years unexpired. The guide price is not a valuation or assessment of value, but rather an indication of the region at which the reserve may be set. The property is being sold with a contract documentation fee of £1,500 and potential additional fees payable upon completion.