Mount Road, Southdown, Bath

Guide Price £185,000 - For Sale

  • For Sale By Public Auction
  • Thursday 17th September 2020
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

REMOTE BIDDING FORM

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

WITHDRAWN PRIOR. A fantastic residential investment opportunity comprising a recently converted (July 2019) ground floor two bedroom apartment. The property is let to students for the 2020/2021 academic year at a rent of £1,200 pcm (£14,400 pa) reflecting a gross annual yield of 7.8% at the guide price. Situated in the popular residential suburb of Southdown in Bath, the property has been finished to an excellent standard with a modern kitchen/bathroom and two good-sized double bedrooms.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 17th September 2020 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

WITHDRAWN PRIOR

SUMMARY -

WITHDRAWN PRIOR

DESCRIPTION -

A very well-presented two bedroom ground floor apartment that was converted approximately 12 months ago. Finished to an excellent standard with modern a modern fitted kitchen and bathroom, the flat is let to students for the 2020/2021 at a rent of £14,400 per annum making this a fantastic rental investment.

LOCATION -

The property is situated on Mount Road in the ever-popular Southdown to the south-west of the centre of Bath. A range of local amenities are available and excellent transport links are provided to the centre of Bath and Bristol.

ACCOMMODATION -

Please refer to floorplan for approximate room measurements and internal layout.

FLAT 1 - GROUND FLOOR -

Comprising of an entrance hall with under stairs storage, utility cupboard housing a modern combination boiler and washing machine, an open-plan kitchen/living room with breakfast bar, two double bedrooms and a bathroom.

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TENANCY DETAILS -

The property is let to two students on a 12-month Assured Shorthold Tenancy agreement from 05 August 2020 at a rent of £1,200 per calendar month (£14,400 per annum).

TENURE -

The property is to be sold on a new 250 year lease, please refer to the legal pack for full details.

NOTES -

Please note that the first floor flat is also for sale as a separate lot in the same auction with a guide price of £210,000+. Offers prior to auction for both flats will be considered by the seller.

ENERGY PERFORMANCE CERTIFICATE -

Rating: C

SOLICITOR -

John Lambert, Lambert Pugh LLP
Tel: 01603 462 796
Email: jlambert@lambertpugh.co.uk

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 inc VAT) buyer's premium payable upon exchange of contracts.

*GUIDE PRICE -

Guide Prices 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 Reserve Price (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.

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RESERVE PRICE -

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

PROXY, TELEPHONE & ONLINE REMOTE BIDDING -

The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a cheque/bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

PRELIMINARY DEPOSITS -

The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000

If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,200 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.

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Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
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.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.