Property Auctions - investment property auctions essex

Auction date: Thu, 25/07/2024 - 12:00

Guide Price £315,000. This Freehold property is currently arranged as two flats both of which are currently let and are to be sold with the tenants remaining in occupation. The rent on Flat 39 will be £1,050 pcm from the 20th Aug 2024 and the rent on Flat 39A will be £1,150 pcm from the 13th Aug 2024. Each flat benefits from a section of the rear garden.

Auction date: Thu, 25/07/2024 - 12:00

Guide Price £70,000. This Freehold parcel of land currently houses workshops which are rented out for a total of £320 pcm. It is considered that the land has potential for redevelopment subject to obtaining the usual permissions and consents ( we understand that at one point there were 4 garages on part of the site).

Auction date: Thu, 25/07/2024 - 12:00

Guide Price £18,000. Freehold ground rent investment block of ten flats all sold on long leases. This purpose built block of flats was completed in 2006 with each of the flats having been sold with leases of 125 years. The ground rent is currently charged at a rate of £210 per annum per flat and therefore this produces a combined income of £2,100 per annum