Initial price	£25,000
02/08/24	£10,000
26/09/24	£5,000
08/11/24	£1,000
07/02/25	£15,000
Price Change	-40.00%

This property is a hotel room that generates a yearly income of £2,000, with no Assured Shorthold Tenancies (ASTs). The property is a share of freehold, with a 999-year lease from June 2013 to May 3012. The buyer will need to pay a 10% deposit (minimum £5,000) and a £1,500 buyers administration fee upon the fall of the hammer, with contracts exchanged immediately. The buyer is legally bound to purchase and the vendor is legally bound to sell, with a full legal completion required within 28 days of the auction. The property is a good investment opportunity, and a full legal pack is available on the Benjamin Stevens Auctions website.