1 bed flat for sale

424A Sutton Road, Southend-On-Sea, Essex SS2

Guide Price = £90,000+

**For Sale By Public Auction 28th May 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Ground Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £15,000 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 1st January 2007 (thus approximately 80 years unexpired).

Location
The property is situated on a residential road in Southend-on-Sea close to local shops and amenities. The open spaces of Priory Park are within easy reach. Transport links are provided by Prittlewell rail station.

Description
The property comprises a ground floor one bedroom flat situated within a mid-terrace building arranged over ground and first floors.

Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Shower Room

Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,250 per calendar month.

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
C


Viewing Schedule (No Booking Required)

Wednesday 21 May 2025 11:00 am - 11:30
Saturday 24 May 2025 11:00 am - 11:30