High yielding investment opportunity offering circa 9% per annum based on the guide price.
Occupying the top floor of the mixed use building in central Weston-super-Mare is this large 1/2 bedroom flat of 635 sq.ft./59 sq.m. Approached from the rear through a communal courtyard, the stairs lead up to the first floor landing. A private staircase leads to the second floor with the bathroom on a mezzanine level off the staircase. The rest of the accommodation includes hallway, large kitchen/living space, bedroom and sitting room (potentially bedroom 2). The flat is generally well presented throughout. Previously let at £625pcm which could be increased to circa £675pcm this is an excellent investment opportunity offering a gross annual yield of in excess of 9%.
For Sale by Live Stream Auction on 18th January
In order to take part you must complete the registration form and return it together with two forms of ID. You will then be able to bid from the luxury of your own home either over the internet, by phone or by proxy. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
A full auction legal pack can be downloaded once available. For further information on the other lots in this auction please visit the website.
Ashley Leahy W: ashleysells4you.com T: 01934 221770 E: firstname.lastname@example.org
Search Pack Fee
£360 payable on exchange of contracts
Bartons Solicitors – 13 Orchard Street, Bristol, BS1 5EH – 0117 925 6000
EPC Rating: D
Council Tax Band: A
Local Authority: North Somerset District Council
Lease Details: 999 years from 1 October 1977 less the last 3 days
Lease Years Remaining: 954
Annual Service Charge: TBC
Annual Ground Rent: TBC
Guide Prices & Reserves
Guides 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.
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.
Consumer Protection Regulations 2008
City & Rural Property Auctions endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.
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Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.