Studio for sale

53B River View, Chadwell St. Mary, Grays, Essex RM16

For sale by auction on Wednesday, 18 Jun 2025 at 10:00

Venue: Livestream Auction

A 2nd floor Flat offered as an investment as subject to an existing Shorthold Tenancy at £550 pcm

A spacious Leasehold 2nd floor flat one bedroom Flat, with some 119 years remaining on the Lease situated in a popular position within Chadwell St Mary. Tilbury Town and Grays Railway stations are 1.4 and 1.9 miles distant, respectively. Local shops are nearby but Grays Town Centre is a short drive away.

The flat is let on an Assured Shorthold Tenancy and the current Tenancy has expired. The Current Rent is £550 pcm, we feel that there is good scope for a rent increase.

Communal entrance Door and staircase (only one other flat) leads up to the
Second Floor
Entrance hall 14'4" x 2'6"

Living room 17.'3 x 14'3" (Max as sloping ceilings)

Bedroom 12'7" x 9'2"

Kitchen 10' x 6'

Bathroom 9'4" x 5'

Council Tax Band
B


Leasehold Information
Term: 119 years remaining

Annual ground rent amount : £100

EPC Rating: C

Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.

Administration Charge - £1200 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.