Lot 24

363-365 Victoria Avenue, Southend-on-Sea, Southend-on-Sea, SS2 6NH

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  4. Lot 24 - 363-365 Victoria Avenue, Southend-on-Sea, Southend-on-Sea, SS2 6NH
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Lot 24
363-365 Victoria Avenue, Southend-on-Sea, Southend-on-Sea, SS2 6NH
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Legal documents

You are advised to download and read the legal documentation prior to bidding.

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Legal documents

You are advised to download and read the legal documentation prior to bidding.

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Two Freehold Shops and Two Upper Self-Contained Flats with Land to the Rear

Description

By Order of LPA Receivers

Southend-on-Sea City Council

Situated at the junction with Fairfax Drive, close to the amenities available in Southend-on-Sea Town Centre and travelling facilities including Prittlewell, Southend Central and Southend Victoria Train Stations. Priory Park is also nearby.

A Substantial End of Terrace Corner Property comprising Two Shops and Two Self-Contained First Floor Flats with Land to the Rear with accommodation believed to comprise:

363 Victoria Avenue Self-Contained First Floor Flat 363(A)
• Entrance Hall
• Living Room
• Kitchen
• Bedroom (One)
• Bedroom (Two)
• Bathroom/WC

Council Tax Band: B

Ground Floor
• Retail Premises

365 Victoria Avenue Self-Contained First Floor Flat 365(A)
• Entrance Hall
• Living Room
• Kitchen
• Bedroom (One)
• Bedroom (Two)
• Bathroom/WC

Council Tax Band: B

Ground Floor
• Retail Premises - We have been advised by the receivers that this premises is currently vacant. Purchasers must rely on their own enquiries.

Land to the Rear Providing Off-Street Parking for Multiple Vehicles.

Note 1: We have been advised that the properties are occupied on Terms Unknown (with the exception of Ground Floor Retail Premises at 365 Victoria Avenue)

Note 2: The auctioneers have not internally inspected the properties to verify the accommodation details and purchasers must rely on their own enquiries.

Note 3: There may be development potential subject to the necessary planning consents being obtained.



Important Information

Each successful bidder will be required to pay the Auctioneers McHugh & Co., a non-refundable buyer's fee of £1,200 inclusive of VAT. Lots sold for less than £10,000 the buyer’s fee will be £300 inclusive of VAT. 
The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale. Buyers are deemed to bid in full knowledge of this.
Each lot is sold in its actual condition and state of repair and the buyer shall be deemed to have surveyed and inspected the lot prior to the auction. For the avoidance of doubt, purchasers shall raise no objection or recourse to McHugh & Co as to the structure or condition of a property and its state of repair. McHugh & Co give no warranty or guarantee as to the structure, condition or issues of a property. This is in reference to (a) the state of the structure of any property or the working condition of any fixtures, fittings, heating systems, appliances or other items included in the sale of any property and (b) the type of the structure or whether such structure is adequate or property constructed. For purchasers requiring funding by mortgage or other means, they are advised to organise this in advance of the auction and shall raise no objection or recourse to McHugh & Co over whether a property is suitable for their lenders criteria.
The successful bidder is under a Binding contract as soon as the Auctioneer's electronic gavel falls on his/her Bid. Upon a successful bid, the bidder’s card will be automatically debited for the bidder security amount, which is considered as a whole or contribution towards the deposit. The bidder security amount is non-refundable upon a successful bid. The bidder/purchaser will be required to pay the balance for the 10% deposit of the purchase price subject to a minimum deposit of £5,000 whichever is greater and buyers fee within 24 hours of the auction date. The completion date is set usually within 20 working days of the auction date. The timeframe for completion on individual lots may vary, please read the special conditions of sale within the legal documentation.
Guides prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.
Each purchaser shall be deemed to have read the legal documents or provided the legal documents to their legal representatives for advice on the lot they are intending on purchasing which has been made available on our website. The purchaser shall be deemed to have raised any enquiries with the vendors solicitors that a prudent purchaser would make. The purchaser is deemed to have read the special conditions of sale associated with the sale of the lot and bid in full knowledge of this and the legal documents prior to bidding.