Sold for £140,000. Guide Price = **£115,000+

For Sale By Public Auction 15th October 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack

A Vacant Ground Floor Two Bedroom Flat

**Tenure
Leasehold. The property is held on a 99 year lease from 25th July 1988 (thus approximately 62 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Irvine Road Field are within easy reach. Transport links are provided by Colchester Town rail station.

Description
The property comprises a ground floor two bedroom flat situated within a semi detached building arranged over ground and first floors.

Accommodation
Ground Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Exterior
The property benefits from use of both front and rear gardens.

Note
G.I.A: 716 Sq Ft (67 Sq M)

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
D

Open House Viewings:
Viewing Schedule (No Booking Required)

Tuesday 8 October 14:00 - 14:30
Thursday 10 October 16:00 - 16:30
Monday 14 October 14:00 - 14:30