Auction House London

Lot 101

End of Terrace - Houses 

124/124A York Road

Southend-on-Sea, Essex, SS1 2EA

Sold for £226,000.

A Freehold Investment and Reversionary Ground Rent Opportunity Comprising an End of Terrace House Arranged as Two Self Contained Flats (2 x Two Bed). Both Let Producing a Combined Income of £15,975 Per Annum. A Further Rear Ground Floor Flat (124a) is Sold Off with 65 Years Unexpired on the Lease, thus Reversionary.

Description

The property comprises an end of terrace house internally arranged to provide two self contained flats over ground and first floors with a further rear flat (sold off).

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Southchurch Park and the coastline are within easy reach. Transport links are provided by Southend Central rail station which is just a short walk away.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
GFF, 124 York Road Ground Reception Room, Two Bedrooms, Kitchen, Bathroom 6 month AST from 16/6/2017 at a
rent of £650 pcm
£7,800 per annum
FFF, 124 York Road First Reception Room, Two Bedrooms, Kitchen, Bathroom 6 month AST from 22/8/2012 at a
rent of £675 pcm
£8,100 per annum
124A York Road Ground Not Inspected Sold off on a 99 year lease from 24.6.87 (65 years unexpired) £75 per annum

Joint Agent

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 124/124A York Road, Southend-on-Sea, Essex, SS1 2EA

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