A well-presented ground floor one-bedroom flat situated in a convenient residential location on Church Road, Kingswood. The property is currently let producing £650pcm (£7,800 per annum) with potential to increase the rent at the end of the current tenancy. There is benefit from a private entrance to the side of the building, with a garden and off-street parking accessed from Collingwood Avenue. An excellent buy-to-let investment opportunity.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 26th May at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
Strictly by Appointment with Maggs and Allen.
ONE-BEDROOM GROUND FLOOR FLAT - FANTASTIC BUY TO LET INVESTMENT
A ground floor one-bedroom flat comprising of an open-plan kitchen/living room, double bedroom and bathroom. The original garden was subdivided into 4 sections which each benefit a flat in the building. The garden and parking space for 54B Church Road are located at the rear of the property and can be accessed from it's own entrance to the side of the building and Collingwood Avenue. The property is currently producing £650pcm (£7,800 per annum) however there may be potential to increase the rental income at the end of the current tenancy. An ideal opportunity for investors looking for a buy-to-let property.
The property is located on Church Road in Kingswood. There are a wide range of amenities and transport links available locally on New Cheltenham Road and Kingswood High Street
Please refer to floorplan for approximate room measurements and internal layout.
Comprising an open-plan kitchen/lounge, double bedroom and bathroom.
We understand the property is offered for sale on the residue of a 999 year lease with a share of the freehold. Please refer to legal pack for a copy of the lease.
ENERGY PERFORMANCE CERTIFICATE -
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,200 plus VAT (£1,440 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 (£1,440 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.