An exceptionally spacious (approx. 1,058 sq ft) first floor 2-bedroom flat in an attractive and imposing period building on the southern slopes of Weston Hillside. This well-presented apartment benefits from generous accommodation throughout, a separate living room and kitchen/diner and is currently let producing £750 pcm (£9,000 per annum). The property offers excellent value for money and presents a superb investment opportunity. 6 WEEK COMPLETION
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 9th December 2021 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
SPACIOUS 2-BEDROOM APARTMENT (1,058 SQ FT)
A generous 2-bedroom apartment measuring approximately 1,058 sq ft, situated on the first floor of an impressive detached period building on Weston Hillside. The property benefits from a spacious living room, separate kitchen/diner and two double bedrooms. The property is sold tenanted producing a monthly rent of £750 pcm and has been priced accordingly. Vacant flats of a similar size in the immediate area are selling for figures in the region of £235,000.
6 WEEK COMPLETION
The property is situated on Grove Park Road on the southern slopes of Weston Hillside. Within close proximity to the attractive Grove Park, easy access is provided to the town centre and high street.
Please refer to floorplan for approximate room measurements and internal layout.
FIRST FLOOR FLAT -
Accessed via a communal hallway and staircase from the ground floor, the property comprises of a spacious living room with bay window to the front, a separate kitchen/diner, two double bedrooms (master with en-suite) and the main bathroom with 4 piece suite.
TENANCY DETAILS -
The property is let on a 12 month AST from 26th March 2021 at a monthly rent of £750.
The property is to be sold on the residue of a 125 year lease from 21 March 2016, subject to a yearly ground rent of £150.
ENERGY PERFORMANCE CERTIFICATE -
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.
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.
Maggs & Allen use all reasonable endeavours 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.