Lot 5 : Tenanted Leasehold Ground Floor Flat

3 Moat Rise, Rayleigh, Essex , SS6 7RP

Guide price*

£175,000

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Features

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Description

FOR SALE BY AUCTION ON THE 6TH DECEMBER 2018 AT SAXON HALL, AVIATION WAY, SOUTHEND ON SEA, ESSEX SS2 6UN STARTING AT 3PM. INVESTMENT OPPORTUNITY...A Leasehold 2-bedroom purpose-built ground floor flat being sold subject to and Assured Shorthold Tenancy currently producing £750 per calendar month (£9,000 per annum). The property is situated in a sought after and convenient location not far from the Town Centre and Rayleigh mainline Railway station.

ACCOMMODATION

 

Entrance door leading to the Entrance hall with doors leading to:
 
Lounge: 14'7'' x 11'4'' (4.4m x 3.5m) Window to the rear.
 
Kitchen: 12'3'' x 9' (3.7m 2.7m) Matching wall mounted and floor standing storage cabinets. Sink unit. Window to the front.
 
Bedroom 1: 11' x 9' (3.4m x 2.7m) Window to the rear.
 
Bedroom 2: 10'10'' x 6'6'' (3.3m x 2m) Window to the front
 
Bathroom/w.c: Suite comprising bath, wash basin and low level w.c. Wall tiling.
 
EXTERIOR
Communal gardens: There are communal garden areas surrounding the block
 
Allocated parking: The property has the benefit of One allocated parking space.
 

Tenure - The property is let on an Assured Shorthold Tenancy Agreement from 27th November 2015 for a period of 36 months at a rent of £750 per calendar month (£9,000 per annum).

ENERGY PERFORMANCE RATING - D

 

VIEWING

By prior appointment with the Auctioneer and at the courtesy of the Tenant.



3 Moat Rise, Rayleigh, Essex Open in google maps

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General remarks

Tenanted properties may only be viewed by prior arrangement with Hair & Son. The Auctioneer reserves the right to divide or sell part of any lot or offer two or more lots together.

*An important note on guide prices

We issue a guide price for each property. These are not the same as reserve prices which are the undisclosed figure below which the property will not be sold “under the hammer”. The guide prices are usually set at the lower end of the vendors expectations. Guide prices are sometimes adjusted between publication of the catalogue and the auction sale, these adjustments are shown on our web site. They can go up especially if pre Auction offers are received and declined in excess of the guide, or they can go down. Within the industry the reserve is expected to be within 10% of the final guide price. As a general rule our reserves over the past year have not exceeded the price guides in the catalogue.

See our Notice to Bidders

Occasionally properties are sold prior to auction and we recommend that prospective purchasers check with this office on
01702 39 49 59 on the morning of the sale to confirm that the property in which they are interested is still available.

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Lot 5 3 Moat Rise, Rayleigh, Essex, SS6 7RP

Tenanted Leasehold Ground Floor Flat £175,000

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Lot 5 : • 3 Moat Rise, Rayleigh, Essex , SS6 7RP

Tenanted Leasehold Ground Floor Flat • £175,000

Auction on 6th December 2018 3pm

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