0 Bedrooms for sale in Whitehall Lane, Grays RM17 | £ 10,000
Overview
| Price: | £ 10,000 |
|---|---|
| Contract type: | For Sale |
| Type: | |
| County: | Essex |
| Town: | Grays |
| Postcode: | RM17 |
| Address: | Whitehall Lane, Grays RM17 |
| Bathrooms: | 0 |
| Bedrooms: | 0 |
Property Description
Lot 172 - This lot is for sale by auction as lot 172 on Thursday 14th February 2019.
A Freehold Ground Rent Investment secured upon a Purpose Built Building internally arranged to provide Seven Self-Contained Flats
Total Current Rent Reserved£700 per annum
Tenure
Freehold.
Location
The property is situated on the east side of Whitehall Lane, to the north of its junction with East Thurrock Road. Local shops and amenities are available to the south along Dock Road, with the extensive facilities of Grays being accessible directly to the west. Rail services run from Grays Station to the west. The A1089 is to the east and provides direct access to the A13. The open spaces of Grays Town Park are to the west.
Description
The property comprises a ground rent investment secured upon a purpose built building arranged over ground and first floors beneath a pitched roof. The building is internally arranged to provide seven self-contained flats.
Tenancies
Each flat is subject to a lease for a term of 125 years from 1st January 2016 (thus having approximately 122 years unexpired) at a current ground rent of £100 per annum.
Rights of Pre-emption
The lessees have not elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.
Management and Insurance
The Freeholder has the right to manage and insure.
Seller’s Solicitor
Messrs Freemans (Ref: Gb/A3637/11). Tel: Email: Gb@freemanssolicitors.Net
Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.
Property Location
Property Marketed by Allsop LLP
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