Lot 7 - 1 Quayside Mews, Maldon, Essex, CM9 5HS

  • Unconditional Online Auction Sale
  • Guide Price* : £220,000
  • Three Bedroom Two Bathrooms First Floor Apartment
  • Let on an AST at a rent of £1,095pcm
  • Convenient Location

ON BEHALF OF THE TRUSTEE IN BANKRUPTCY: A three bedroom first floor apartment let at £1,095pcm.

Description

* VIDEO TOUR AVAILABLE UPON REQUEST* A residential investment comprising a modern purpose built three bedroom first floor apartment let on a 6 month fixed term agreement.

Location

Quayside Mews is a modern development of flats and houses in Maldon and is situated just off Church Street, around 0.5 miles from the centre and a few hundred yards from the quayside on the River Chelmer.

Tenure

Leasehold for 999 years from 1st January 2008 at a ground rent of £50 per annum (doubles every 111 years). We do not currently have any service charge information as the freeholder company was dissolved in 2020. The Trustees in Bankruptcy are currently paying for maintenance of the grounds directly and maintenance of the gates is paid for by their letting agent from rent collected.

Accommodation

Kitchen/Lounge/Diner 20' x 17'5 (6m x 5.3m)
Bedroom One 9'2 x 13'6 (2.7m x 4.1m)
En Suite 8'6 x 2'9 (2.5m x (0.8m)
Bedroom Two 7'5 x 10'3 (2.2m x 3.1m)
Bathroom 5'5 x 7'3 (1.6m x 2.2m)
Bedroom Three 20' x 9'1 (6m x 2.7m)

Outside

Included within the lease is a right to use an allocated car parking space.

Tenancies

The property is let on an Assured Shorthold Tenancy for a term of 6 months from the 29th January 2022 at a rent of £6,570 (£1,095pcm).

EPC

Energy Performance Asset Rating - C

Council Tax Band

C

Costs

Council tax band C.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £2700 (inc VAT) payable upon exchange of contracts.

Additional Information

1. The photographs have been taken prior to the tenant moving in.

2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.

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