For sale by auction on Tuesday, 25 Feb 2020 at 19:00
Venue: Crondon Park Golf & Country Club Stock Road, Stock, Ingatestone, CM4 9DP
A portfolio of 3 freehold bungalows currently let on assured shorthold tenancy agreements with a rental income of £106 per week each. If bought at guide this represents a yield of 12%p.a.
84 Broadway, Jaywick, Essex. CO15 2HW A timber framed detached bungalow with additional insulation offering a total floor area of approximately 32Sq M. Fully double glazed with a current EPC Rating of E (43) offering a potential to increase to a 'B' (92) rating.
310 Meadow Way, Jaywick, Essex. CO15 2HP A timber framed detached bungalow with additional insulation offering a total floor area of approximately 27Sq M. Fully double glazed with a current EPC Rating of D (60) offering a potential to increase to a 'B' (93) rating.
31 Gorse Way, Jaywick, Essex. CO15 2HU A timber framed detached bungalow with additional insulation offering a total floor area of approximately 27Sq M. Featuring double glazing and lpg Bottled gas fired central heating
note At time of going to print no member of the Auction House Team had inspected the properties and we relied upon information provided by the vendor and/or their agents
viewing Strictly by appointment with the auctioneer Tel: EPC Rating: 84 Broadway - E, 310 Meadow Way - D, 31 Gorse Way - E
Additional Fees Buyers Premium: £3600 inc VAT payable on exchange of contracts.
Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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 during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.