Studio Flat For Sale £40,000
For sale by auction on Wednesday, 26 Oct 2022 at 11:00
Venue: Livestream Auction
A third (top) floor studio apartment with an established tenant.
Situated to the west of the town centre is this top floor studio apartment together with an allocated parking space.
The property was fully refurbished in 2020 and is currently let on a Periodic AST at a rent of £475.00 per calendar month (£5,700 per annum) which represents a gross annual yield equating to over 14% of the low Guide Price.
An excellent investment opportunity.
Lease Details
Term: 51 years remaining
Annual ground rent amount: £0.00
Annual service charge amount: £540.00
Council Tax Band
A
EPC Rating: E
Additional Fees
Buyers Premium: £900 inc VAT 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: Livestream Auction
A third (top) floor studio apartment with an established tenant.
Situated to the west of the town centre is this top floor studio apartment together with an allocated parking space.
The property was fully refurbished in 2020 and is currently let on a Periodic AST at a rent of £475.00 per calendar month (£5,700 per annum) which represents a gross annual yield equating to over 14% of the low Guide Price.
An excellent investment opportunity.
Lease Details
Term: 51 years remaining
Annual ground rent amount: £0.00
Annual service charge amount: £540.00
Council Tax Band
A
EPC Rating: E
Additional Fees
Buyers Premium: £900 inc VAT 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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