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1 bedroom flat for sale
Flat 20 Stanford House, Princess Margaret Road, East Tilbury, Tilbury, Essex, RM18 8YP
£70,000
Flat 20 Stanford House, Princess Margaret Road, East Tilbury, Tilbury, Essex, RM18 8YP
£70,000
Our Summary
- Guide Price = £70,000+ **For Sale By Public Auction 2nd July 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack** A First Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £7,920 Per Annum Tenure Leasehold
- Note The property has not been inspected by Auction House London
Description
This property is a first-floor one-bedroom flat located in a residential area, close to local shops and amenities, and within walking distance to Gobions Park and East Tilbury rail station. The property is held on a 99-year lease from 1982, with approximately 57 years unexpired. It is currently subject to an Assured Shorthold Tenancy, producing £7,920 per annum, and is being sold through public auction on July 2nd, 2025. The flat itself comprises a reception room with open-plan kitchen, bedroom, and bathroom, and has not been inspected by the auction house. Prospective buyers should be aware that, as the lease is short, they will need to pay a premium to the freeholder if they wish to extend the lease to 90+ years.