2 bed Flat For Sale £425,000
For sale by online auction - 8th June 2023, unless sold prior. Guide £425,000-430,000: Freehold development opportunity comprising a pair of 4 storey, semi detached buildings arranged as 4 x 2 bedroom duplex maisonettes (3 let, 1 vacant). Occupying a large site of 0.38 acres with potential for further development subject to planning. For sale by executor.
Description
The property is held in 4 titles to be sold as one lot, adjacent to the Thames and Severn Canal on the south eastern approach to Stroud. The maisonettes require refurbishment. There is good potential to add value to the existing properties and build additional dwellings on the large site, subject to the usual consents.
Location
The property is located in a picturesque location in the Burtterow Hill area on the edge of Stroud, in Gloucestershire. This location gives good access to the A419 and is approximately 14 miles from Cirencester.
Accommodation
Devonian: Lower Ground / Ground Floor: Flat 1 - 103 sqm / Energy Rating F. Registered rent. First & Second Floor: Flat 2 - 97 sqm / Energy Rating F. Let on an AST.
Ulsterville: Lower Ground & Ground Floor: Flat 1 - 102 sqm / Energy Rating G. Let on an AST. First & Second Floor: Vacant Awaiting EPC.
The plot on which the garages sit extends to around 0.38 Acres.
Services
Mains electricity, water, gas, and sewage are connected.
Tenure and possession.
Freehold, held on 4 titles: The ground / lower ground floor Devonian maisonette is let on an AST at £450 pm. The upper maisonette is let on an AST with passing rent at £300 pm, the rent has been temporarily reduced because a ceiling in one room requires repair. The ground / lower ground floor Ulsterville maisonette is subject to a regulated tenancy, currently producing £425 pm, the upper maisonette is vacant. We refer bidders to the legal pack for a schedule of tenancies.
Planning and Local Authority
Any enquiries should be addressed to Stroud District Council.
Viewings
External viewings and viewings of the vacant upper floor Maisonette in Ulsterville will be available at the following times:
• Wednesday 24th May – 17:00-17:30
• Wednesday 31st May – 17:00-17:30
• Friday 2nd June – 12:30-13:00
• Monday 5th June – 12:30-13:00
Terms
The property is to be sold in an online auction on 8th June 2023, administered by , unless sold prior.
Any further queries about the auction process should be directed to Toby Limbrick at Network Auctions on:
[use Contact Agent Button] – [use Contact Agent Button]
Lot Listing:
Description
The property is held in 4 titles to be sold as one lot, adjacent to the Thames and Severn Canal on the south eastern approach to Stroud. The maisonettes require refurbishment. There is good potential to add value to the existing properties and build additional dwellings on the large site, subject to the usual consents.
Location
The property is located in a picturesque location in the Burtterow Hill area on the edge of Stroud, in Gloucestershire. This location gives good access to the A419 and is approximately 14 miles from Cirencester.
Accommodation
Devonian: Lower Ground / Ground Floor: Flat 1 - 103 sqm / Energy Rating F. Registered rent. First & Second Floor: Flat 2 - 97 sqm / Energy Rating F. Let on an AST.
Ulsterville: Lower Ground & Ground Floor: Flat 1 - 102 sqm / Energy Rating G. Let on an AST. First & Second Floor: Vacant Awaiting EPC.
The plot on which the garages sit extends to around 0.38 Acres.
Services
Mains electricity, water, gas, and sewage are connected.
Tenure and possession.
Freehold, held on 4 titles: The ground / lower ground floor Devonian maisonette is let on an AST at £450 pm. The upper maisonette is let on an AST with passing rent at £300 pm, the rent has been temporarily reduced because a ceiling in one room requires repair. The ground / lower ground floor Ulsterville maisonette is subject to a regulated tenancy, currently producing £425 pm, the upper maisonette is vacant. We refer bidders to the legal pack for a schedule of tenancies.
Planning and Local Authority
Any enquiries should be addressed to Stroud District Council.
Viewings
External viewings and viewings of the vacant upper floor Maisonette in Ulsterville will be available at the following times:
• Wednesday 24th May – 17:00-17:30
• Wednesday 31st May – 17:00-17:30
• Friday 2nd June – 12:30-13:00
• Monday 5th June – 12:30-13:00
Terms
The property is to be sold in an online auction on 8th June 2023, administered by , unless sold prior.
Any further queries about the auction process should be directed to Toby Limbrick at Network Auctions on:
[use Contact Agent Button] – [use Contact Agent Button]
Lot Listing:
