2 bed Flat For Sale £110,000
**for sale by oline auction on 14/06/2021**
**investment- 7.5% rental yield approx ** Located in the heart of bournemouth town centre ** Newly redecorated throughout and offering an excellent potential rental return, with a current monthly income of £775. This property is situated on the 2nd floor with the flat offering a spacious open plan lounge kitchen, two double bedrooms, fitted bathroom suite with bath and shower over.
Easy reach to Bournemouth College & University plus walking distance of Bournemouth's Award Winning Beaches, Train & Bus Station plus other transport links, shops, bars and restaurants making this an ideal residential home or buy to let investment. No forward chain
Lease - 81 years remaining
Service Charge - £1500 per year
Ground Rent - £150 per year
**Auction terms** This property is offered for sale by the ‘modern method of auction’ through an Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice.
Please remember that the reservation fees are payable in addition to the asking price. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. **Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction. **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.
**investment- 7.5% rental yield approx ** Located in the heart of bournemouth town centre ** Newly redecorated throughout and offering an excellent potential rental return, with a current monthly income of £775. This property is situated on the 2nd floor with the flat offering a spacious open plan lounge kitchen, two double bedrooms, fitted bathroom suite with bath and shower over.
Easy reach to Bournemouth College & University plus walking distance of Bournemouth's Award Winning Beaches, Train & Bus Station plus other transport links, shops, bars and restaurants making this an ideal residential home or buy to let investment. No forward chain
Lease - 81 years remaining
Service Charge - £1500 per year
Ground Rent - £150 per year
**Auction terms** This property is offered for sale by the ‘modern method of auction’ through an Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice.
Please remember that the reservation fees are payable in addition to the asking price. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. **Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction. **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.
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