No longer on the market
This property is no longer on the market
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Floorplans (
Map1 bedroom apartment
Auction
Apartment
1 bed
613
Key information
Tenure: Leasehold | 61 yrs left
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
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Features and description
- A Vacant First Floor One Bedroom Flat
Sold for £114,000.Guide Price = £57,500+
*For Sale By Online PublicAuction 6th December 2023 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant First Floor One Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 25th December 1985 (thus approximately 61 years unexpired). A section 42 notice to extend the lease has been served on the freeholder, the rights of which will be assigned to the incoming buyer. If the freeholder has not responded prior to the auction, the buyer should not assume that the freeholder will accept the sum offered. Buyers should rely on their own enquiries as to the likely costs of the lease extension.
Location
The property is situated close to local shops and amenities. The open spaces of East Beach are within easy reach. Transport links are provided by Shoeburyness Railway Station.
Description
The property comprises a first floor one bedroom flat situated within a mid terraced building arranged over ground and one upper floors.
Accommodation
First Floor
Reception Room
Kitchen
Bedroom
Bathroom
Accommodation
Note
G.I.A 57 sq m
Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
D
Open House Viewings:
Viewing Schedule (No Booking Required)
Saturday 18 November 2023 10:00 AM - 10:30
Wednesday 22 November 2023 4:00 PM - 16:30
Saturday 25 November 2023 10:00 AM - 10:30
Wednesday 29 November 2023 4:00 PM - 17:00
Saturday 2 December 2023 10:00 AM - 10:30
*For Sale By Online PublicAuction 6th December 2023 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant First Floor One Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 25th December 1985 (thus approximately 61 years unexpired). A section 42 notice to extend the lease has been served on the freeholder, the rights of which will be assigned to the incoming buyer. If the freeholder has not responded prior to the auction, the buyer should not assume that the freeholder will accept the sum offered. Buyers should rely on their own enquiries as to the likely costs of the lease extension.
Location
The property is situated close to local shops and amenities. The open spaces of East Beach are within easy reach. Transport links are provided by Shoeburyness Railway Station.
Description
The property comprises a first floor one bedroom flat situated within a mid terraced building arranged over ground and one upper floors.
Accommodation
First Floor
Reception Room
Kitchen
Bedroom
Bathroom
Accommodation
Note
G.I.A 57 sq m
Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
D
Open House Viewings:
Viewing Schedule (No Booking Required)
Saturday 18 November 2023 10:00 AM - 10:30
Wednesday 22 November 2023 4:00 PM - 16:30
Saturday 25 November 2023 10:00 AM - 10:30
Wednesday 29 November 2023 4:00 PM - 17:00
Saturday 2 December 2023 10:00 AM - 10:30
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.