Flat 89, Stanford House, Princess Margaret Road, East Tilbury, Essex, RM18 8YR

£70,000 Guide Price
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A Leasehold Studio Flat Subject to an Assured Shorthold Tenancy Producing £6,600 Per Annum


Tenure
Leasehold. There are 62 years remaining on the lease.

Location
The flat is conveniently located for local amenities, including shops, schools and recreational facilities.
It is within walking distance to East Tilbury railway station with services into London Fenchurch Street.

Description
This property comprises of a fourth floor studio flat in a building arranged over four floors. It benefits from an entry phone system, concierge service and lift facilities. A designated parking space is available. Property is currently tenanted.

Accommodation
Fourth Floor: Kitchen, Lounge/Bedroom, Shower Room/WC.

Viewings
Refer to Auctioneer.

For Sale by Online Auction on 26th August 2021.
*GUIDE PRICE & RESERVES
Definition of Guide Prices:

The guide price is an indication of the seller’s current minimum price expectation at auction and the guide price, or range of guide prices, is given to assist prospective purchasers. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period and bidders will be notified of this change on our website and by the auctioneer prior to the lot being offered.

Definition of Reserve Price:

The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. It is usual, but not always the case that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing and the Final Reserve Price will be agreed between the auctioneer and the seller prior to the auction sale. Whilst the reserve price is confidential it will usually be set within the quoted guide range and in any event will not exceed the highest quoted guide price.