Property Auction House and RICS Registered Valuer

Next Auction:
11/4/2024

Current Lots

Venue:
Remote bidding only

Remote bidding
FREEHOLD GROUND RENT INVESTMENT ON BLOCK OF THIRTEEN MAISONETTES.

Lot 16

69-81 Lincoln Road, Basildon, Essex SS14 3RB

Photo of 69-81 Lincoln Road, Basildon, Essex SS14 3RB
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FREEHOLD GROUND RENT INVESTMENT ON BLOCK OF THIRTEEN MAISONETTES.

Lot 16

This freehold investment opportunity consists of a purpose built block of 13 maisonettes situated off Broadmayne(A1321) close to Northands Park and within easy access ofBasildon town centre. We understand that Section 5b noticeshave been served on the qualifying tenants to comply withthe 1987 Landlord and Tenant Act and the tenants have notexercised their right to purchase. The 13 leases are allapproximately 70 years unexpired with varying ground rentalincome.

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Price Information

*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) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

  • Buyers Premium of £600 inclusive of VAT
  • Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
  • Stamp Duty - rates easily available on-line
  • Your solicitor fees and any survey fees
  • Insurance - it is your responsibility from the date of exchange to insure the property purchased.

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