Third Floor Flat

Offering to auction, is this two bedroom third floor apartment, situated in Bournemouth. This property is a fantastic investment opportunity offering a potential Gross Rental Yield of £1,300 per month and £15,600 per year. The accommodation comprises an entrance hall, living/dining room, kitchen, two bedrooms and a bathroom. Externally, this property benefits from communal grounds and parking. Pine Grange is set within well maintained communal grounds and is just a short walk from Bournemouth Town Centre, Beach and Pier, offering good access to public transport including Bournemouth mainline Train Station.

Tenure

Leasehold. 99 Years from 24 June 1977

AUCTIONEERS NOTE

We have been advised by a local letting agent that the potential rental of £1,300 per calendar month (£15,600 per year) is achievable and based on the current Guide Price this offers a potential Gross Yield of approximately 10.7%.

ACCOMMODATION

Entrance Hall Living/Dining Room: 16'4" x 15'9" Kitchen: 7'8" x 6'9" Bedroom One: 15'6" x 11'7" Bedroom Two: 10'4" x 12.6" Bathroom: 10'6" x 5'5"

VIEWINGS

Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing.

FULL DETAILS

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.

NOTICE TO BIDDER

Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Energy Efficiency Rating (EPC)

Current Rating C69

Local Authority

Bournemouth Borough Council

Solicitors

Ascent Legal, One St. Peters Square, Ref: Ascent Legal, Tel: 0161 838 3105

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.