Initial price	£30,000
27/11/24	£25,000
Price Change	-16.67%

A one-bedroom flat on the first floor is being sold at auction on November 28, 2024, with a guide price of £25,000. The flat is subject to an Assured Shorthold Tenancy agreement, producing an annual income of £5,400. The tenant's lease commenced on September 16, 2023, and the ground rent is £250 per annum. The property is located on a residential road, close to local shops, amenities, and transport links. The sale is unconditional, and buyers will need to pay a 5% deposit and a 5%+VAT (minimum £5,000+VAT) buyers premium upon the fall of the hammer. The legal pack is available to download, and any additional costs will be listed in the Special Conditions. The buyer is legally bound to buy and the vendor is legally bound to sell, with a completion date of 28 days following the auction.