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1 bed Not Specified property

Available

For Sale

Listed Aug 2, 2025

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£70,000

Available

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Description

"FOR SALE BY AUCTION To be sold by public auction on the executor s instructions. A tenanted £825.00 PCM , second floor, leasehold flat 99 years from 1 January 2016 with an extent of 387 SQFT located on Dorking High Street with a gross annual yield of 9.0%. The service charge is £976.67 biannually. To be sold via online bidding on Friday, 30 May 2025.

Auctioneer s comments An opportunity to buy a ready made high yield property in a popular area of Surrey.

Auction date
The property is to be sold by public auction on Friday, 30 May 2025 via a 2 hour online bidding window.

Description
One bedroom, second floor, tenanted, leasehold

Location
Dorking, Surrey, 0.6 miles to Dorking railway station, 0.4 miles to Dorking Deepdene railway station, 0.7 miles to Dorking West railway station

Accommodation
Second floor living room kitchen, bedroom, bathroom

Outside
Communal entrance

EPC rating
C

Tenure
Leasehold
99 years from 01 January 2016

Service charge
£976.67 biannually

Local authority and council tax band
Surrey County Council
Mole Valley District Council
Council tax band B

Pre auction bids
To make a pre auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre auction bids, and no conditions will be acceptable. Should your pre auction bid be accepted, you will need to immediately pay the balance of the 10% deposit min. £5,000 and all auction fees listed. The Auctioneer reserves the right to refuse any bid.

Auction fees
In addition to the 10% deposit min. £5,000 of your winning bid, you must pay an auction buying commission of 2.5% plus VAT min. fee of £2,100.00 plus VAT of the purchase price and auction buying fee of £1,900.00 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding."