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11
Lot 12
13

20-26 Millers Hoy, Mill Lane, Stock, Ingatestone, CM4 9RY

Sold for £1,004,000
Pristine apartment block... 4 x modern, tenanted investments - prestigious Stock

Property Details

Description

OVERVIEW Presenting a unique opportunity for investors to purchase a complete block of 4 modern, well-maintained and self-contained maisonettes in the highly desirable and upmarket village of Stock, where residential investments or property are rarely available to purchase on the open market.LOCATION
The apartment block in the affluent, countryside location of Stock, is ideal for commuters wanting to experience village life, minutes from the A12 and 6 miles South of Chelmsford with Ingatestone and Billericay providing mainline rail links into the city. Community facilities include a primary school, library, village hall, shop, churches, eateries, a hotel and pubs.

Key Features

  • STOCK, INGATESTONE
  • FASHIONABLE VILLAGE
  • EXCLUSIVE LOCATION
  • PRISTINE BUILDING
  • 4 x MAISONETTES
  • FULLY SELF-CONTAINED
  • FULLY TENANTED
  • IDEAL FOR COMMUTERS
  • YIELDING £44,340 PA
  • IMMEDIATE RETURN
Tenure

Freehold

EPC

20: C, 22: C, 24: C, 26: C

Viewing

Sat 28 Apr 11:00 - 12:00

Solicitors

Mr James Howard
Penningtons Manches LLP
31 Chertsey Street
Guildford
GU1 4HD

Tenancy

20: AST ends June 2018
22: AST ends August 2018
24: Periodic Tenancy
26: AST ends October 2018

Current Yield.

20 - £895 pcm, 22 - £925 pcm
24 - £950 pcm, 26 - £925 pcm
TOTAL: £44,340 pa

Location

20-26 Millers Hoy, Mill Lane, Stock, Ingatestone, CM4 9RY

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.