Lot 10 - 11 Old Mill Close, Maldon, Essex, CM9 5EH

  • Unconditional Online Auction Sale
  • Guide Price* : £180,000
  • Two Bedroom Duplex Apartment
  • Let on an AST at a rent of £861.25pcm
  • Town centre location

ON BEHALF OF THE TRUSTEE IN BANKRUPTCY: Two bedroom duplex apartment located over ground/first floor and let on an AST at a rent of £861.25pcm.

Description

* VIDEO TOUR AVAILABLE UPON REQUEST* A residential investment property comprising a two bedroom duplex apartment on a modern development let on an Assured Shorthold Tenancy producing an annual equivalent income of £10,335.

Location

The property is situated on Old Mill Close which is positioned off High Street, which forms the majority of the town centre and provides a range of amenities and an array of restaurants, bars and cafes. The area is popular with tourists.

Tenure

Leasehold for 125 years from 1st August 2007 ata ground rent of £225 per annum. The service charge is £1378.21 per annum.

Accommodation

Ground Floor: Kitchen leading to
First Floor: Lounge, Bathroom and Two Bedrooms

Tenancies

The property is let on an Assured Shorthold Tenancy for a term of 6 months from the 30th September 2019 (Holding Over) at a rent of £861.25 pcm. Please note the rent was increased on 1st June 2021 , although this was not formally documented as a change from the original AST.

EPC

Energy Performance Asset Rating - C

Council Tax Band

B

Costs

Council tax band B.

Buyers Administration Fee

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

Additional Information

1. 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.

2. 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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