For Sale By Auction | 11:00, 20 March 2024 | Lot 88

126A Magdalen Street, Colchester, Essex CO1 2LF

Sold £96,000

  • Detached House
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 01473 558 888 for more information

Auction Date

Wed 20/03/2024

Auction Time

11:00

Auction Venue

Livestream Auction

A derelict detached cottage to the south of the town centre

This detached cottage is of brick/rendered construction and is tucked away behind a terrace of properties and accessed via an alleyway. The property offers two reception room, two bedroom accommodation but requires full renovation. Whilst this is a major project we believe the pricing allows for a good profit margin when the works are completed and the property sold on or a strong yield if taken to the rental market.

Tenure

Freehold

Council Tax

B

Viewing

Open Viewings have been scheduled as follows: Wednesday 13th March at 10.00am Friday 15th March at 2.00pm. No other dates or times will be possible. BOOKING AN APPOINTMENT IS ESSENTIAL Please call 01473 558888 to confirm your attendance.

Energy Efficiency Rating (EPC)

Current Rating Please refer to Legal Pack

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Colchester Borough Council

Solicitors

Asus Investments, 50 St. Mary Axe, Ref: Monika Haidar, Tel: 0203 984 0409

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

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.