** UNSOLD, PLEASE REFER TO AUCTIONEER **
BUY TO LET INVESTMENT: A LEASEHOLD FLAT LOCATED OPPOSITE CHALKWELL PARK, WITH TENANT IN SITU. CONSIDERED TO BE OFFERED UNDER MARKET VALUE
A leasehold 2 double bedroom flat to be sold with tenant in situ, situated in a popular location opposite Chalkwell Park on London Road, close to local shops and amenities. It is considered that the flat would be an ideal buy to let investment or for an owner occupier.
Lounge - 10" x 16"
Kitchen - 9" x 6"
Bedroom 1 - 9" 5"
Bedroom 2 - 12" x 10"
Bathroom - 9" x 5"
This Property is subject to a 99 year lease from 29th May 2015, thus there are approximately 95 years remaining.
The current tenant is paying £700.00 PCM, however similar properties in the area have recently been let for figures in the region of £800.00 PCM
The property is let on a standard Assured Shorthold Tenancy, the initial term has expired, therefore the agreement has reverted to a Periodic Tenancy.
Service Charge & Rent
The seller has advised that there is no service charge or ground rent payable, for further details please see the legal pack.
Properties of a similar type in similar location are selling for figures in the region of £210,000 so this price is considered to be under market value.
Please contact us for more information
Tel: 01702 311010