1 bedroom flat for sale

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1 bedroom flat for sale

Princess Margaret Road, East Tilbury, TILBURY
£50,000

Our Summary

  • SUMMARYAUCTION SALE 20 May 2025 - Leasehold First Floor Flat,Investment Let on an AST,Rent Reserved £7,920 per annum
  • AUCTION SALE

Description

This is a leasehold first-floor flat located off Princess Margaret Road, with a rent reserved at £7,920 per annum. The property is let on an assured shorthold tenancy, with a current rent of £660 per month, and has a remaining lease term of approximately 57 years. The flat features one bedroom, a reception room with an open-plan kitchen, and a bathroom/wc. The property is situated near East Tilbury mainline rail station and has a range of local shopping facilities and recreational pursuits nearby. The guide price for the property is not a valuation or assessment of value, but rather an indication of the region at which the reserve may be set. The property is being sold at auction, and a contract documentation fee of £1,500 (inclusive of VAT) is payable to the auctioneers by the buyer.