Property for Auction in London - Flat 63 Russell Quay, West Street, Gravesend, Kent

A First Floor Two Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £15,600 Per Annum (Reflecting a Gross Initial Yield of 16.4%) The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and three upper floors. Tenure Leasehold. The property is held on a 125 year lease from 29th September 2001 (thus approximately 101 years unexpired ). Location The property is situated on a residential road in Gravesend City Centre, close to local shops and amenities. The open spaces of Riverside Leisure Area are within easy reach. Transport links are provided by Gravesend rail station. Accommodation First Floor Reception Room Kitchen Two Bedrooms Bathroom Exterior The property benefits from allocated parking. Tenancy The property is subject to an Assured Shorthold Tenancy at a rent of £1,300 per calendar month. Energy Efficiency Rating (EPC) Current Rating C Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.