House For Sale £340,000
For sale by auction on Wednesday, 10 Nov 2021 at 19:00
Venue: Live Stream Auction Live Stream Auction,
A high yielding investment property comprising 5 self-contained flats.
Currently let at £33,024 per annum the property offers an attractive yield of circa 10% based on the guide price. Arranged 4 x 1 bed and 1 x 2 bed self-contained flats the property offers excellent rental potential. Once modernised the property offers opportunity to grow the rental income or sell the flats individually with a potential Gross Development Value of in excess of £550,000.
Accommodation
Ground Floor:
Flat 3 – bay fronted 1 bedroom flat with courtyard garden. 36 sqm. Council Tax band A. Currently let at £542 pcm, holding over from the original 6 month AST dated 20/04/2020.
Flat 2 – rear 2 bedroom flat with courtyard garden and rear access from lane. 48 sqm. Council Tax band A. Currently let at £650 pcm, holding over from original 6 month AST dated 06/12/2019.
First Floor
Flat 1 – bay fronted 1 bedroom flat. 39 sqm. Council Tax band A. Currently let at £563 pcm, holding over from original 6 month AST dated 03/11/20
Flat 4 – 1 bedroom rear flat. 22 sqm. Council Tax band A. Currently let at £434 pcm, holding over from original AST dated 24/11/2018
Second Floor
Flat 5 – A top floor 1 bedroom flat. 40 sqm. Council Tax band A. Currently let at £563 pcm, holding over from 02/11/2018.
Total rent - £33,024 per annum.
EPC Ratings
All flats currently rated E. Since the EPCs were issued the property has undergone thermal improvements with new Quantum Dimplex heaters fitted within each flat. The EPC’s are currently being recalculated and expected to have improved to a C rating. Please check the legal pack for further information.
For sale by live stream Auction
on 10th November 2021 start time to be confirmed. 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.
Legal Pack
A full auction legal pack can be downloaded from the Auction House Bristol website once available. For further information on the other lots in this auction please visit the website.
Search Pack Fee
£360 inc vat payable on exchange of contracts
EPC Rating: E
Additional Fees
Buyers Premium: 1.2% inc VAT of the purchase price 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.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes 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.
Venue: Live Stream Auction Live Stream Auction,
A high yielding investment property comprising 5 self-contained flats.
Currently let at £33,024 per annum the property offers an attractive yield of circa 10% based on the guide price. Arranged 4 x 1 bed and 1 x 2 bed self-contained flats the property offers excellent rental potential. Once modernised the property offers opportunity to grow the rental income or sell the flats individually with a potential Gross Development Value of in excess of £550,000.
Accommodation
Ground Floor:
Flat 3 – bay fronted 1 bedroom flat with courtyard garden. 36 sqm. Council Tax band A. Currently let at £542 pcm, holding over from the original 6 month AST dated 20/04/2020.
Flat 2 – rear 2 bedroom flat with courtyard garden and rear access from lane. 48 sqm. Council Tax band A. Currently let at £650 pcm, holding over from original 6 month AST dated 06/12/2019.
First Floor
Flat 1 – bay fronted 1 bedroom flat. 39 sqm. Council Tax band A. Currently let at £563 pcm, holding over from original 6 month AST dated 03/11/20
Flat 4 – 1 bedroom rear flat. 22 sqm. Council Tax band A. Currently let at £434 pcm, holding over from original AST dated 24/11/2018
Second Floor
Flat 5 – A top floor 1 bedroom flat. 40 sqm. Council Tax band A. Currently let at £563 pcm, holding over from 02/11/2018.
Total rent - £33,024 per annum.
EPC Ratings
All flats currently rated E. Since the EPCs were issued the property has undergone thermal improvements with new Quantum Dimplex heaters fitted within each flat. The EPC’s are currently being recalculated and expected to have improved to a C rating. Please check the legal pack for further information.
For sale by live stream Auction
on 10th November 2021 start time to be confirmed. 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.
Legal Pack
A full auction legal pack can be downloaded from the Auction House Bristol website once available. For further information on the other lots in this auction please visit the website.
Search Pack Fee
£360 inc vat payable on exchange of contracts
EPC Rating: E
Additional Fees
Buyers Premium: 1.2% inc VAT of the purchase price 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.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes 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.
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