Lot 7 - Maisonette 164a, Flat 3 & Flat 6 Cromwell House, 164 Station Road, Redhill, Surrey, RH1 1HF

  • Unconditional Online Auction Sale
  • Guide Price* : £300,000 plus

A maisonette and two flats situated within a period building

Description

A maisonette and two flats situated within a period building on the A25 Station Road, by the junction with Fairfax Avenue and to the west of Redhill town centre and station.
Each property is let on an Assured Shorthold Tenancy, holding over, and the combined rental income is currently £19,680 p.a. although there may be scope to increase.

Other Information

Local Authority – Reigate and Banstead Borough Council
EPC Ratings – D, D & E

Tenure

Leasehold titles (share of the Freehold). The current service charges are £225 quarterly per flat

Tenancy

Tenanted

Viewings

By prior appointment with the auctioneers

Accommodation

Maisonette 164a - Lower ground floor - right hand block
Studio let on AST £450 p.c.m.
Flat 3 - First floor - main block
1 bedroom flat let on AST £565 p.c.m.
Flat 6 - Top two floors - main block
1 bedroom flat let on AST £625 p.c.m.
Exterior
Rear off street parking

Additional Information

A contract administration charge of £1,000 (inclusive of Vat) is payable on exchange of contracts. Please note this fee is not part of the deposit or purchase price.

Please refer to the Special Conditions of Sale & General Conditions of Sale for details of any additional fees, costs or disbursements (if applicable), which will form part of the contract.

*Guide price definition

Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition

The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.

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Vendor

a property company

Agreement Documents

Additional Documents

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