Lot 16 - Flat 69 Brook Court, Spring Place, Barking, Essex, IG11 7GH
- Unconditional Online Auction Sale
- Guide Price* : £175,000 plus
- Bedrooms: 2
Two bedroom seventh floor flat - investment opportunity
Description
A two bedroom seventh floor flat currently let on an Assured Shorthold Tenancy for 12 months from 25th June 2021, at a rent £1,325 per calendar month, with ongoing management available. The property benefits from a balcony overlooking River Roding, and is situated within a mile of Barking Station, several supermarkets and other local amenities.
There is currently no EWS1 form for the block. However, there are works planned for replacement cladding , with the apportioned costs to be the buyer's responsibility.
Total income = £15,900 per annum.
Other Information
Local Authority – London Borough of Barking & Dagenham
EPC Rating – C
Tenure
Leasehold
Tenancy
Tenanted
Viewings
Strictly by prior appointment with the auctioneers
Accommodation
| 7th Floor | |
| Open plan reception / kitchen area / dining area, 2 bedrooms ( 1 with en-suite shower room), bathroom | |
| Exterior | |
| Balcony, secure underground parking space |
Additional Information
A contract administration charge of £1,500 (inclusive of Vat) is payable on exchange of contracts. Please note this fee is not part of the deposit or purchase price.
Please refer to the Special Conditions of Sale & General Conditions of Sale for details of any additional fees, costs or disbursements (if applicable), which will form part of the contract.
*Guide price definitionGuide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.
Reserve price definitionThe reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.
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