A tenanted studio flat offering gross annual yield of circa 10%. Ideal investment property
This is a modern ground floor studio flat of approximately 350 sq ft/32 sqm and is in good decorative order throughout. Currently let at £395 pcm the property offers an attractive gross annual yield of in excess of circa 10% based on the guide price. There may be some scope for to reconfigure into a 1 bed subject to the necessary consents.
• Ground floor studio flat • Good sized living space • Kitchen/dining space • Bathroom • Double glazed • Electric night storage heaters • Let at £395 pcm/£4,740 pa • Potential yield 10% gross per annum • Residue of 125 year lease from July 2006 • Advised ground rent and service charge is £47 pcm
By appointment, please call Auction House.
Search Pack Fee
£360 inc VAT payable upon exchange of contracts.
For Sale by Online Auction
On Thursday 2nd April 2020 at 2.00pm. Telephone and proxy bidding option available. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.
Energy Efficiency Rating (EPC)
Current Rating C
Gloucester City Council
Everys Solicitors, 5 Heron Gate Office Park, Hankridge Way, Taunton, TA1 2LR, Ref: Ms Helen Jones, Tel: 01823 337636
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £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.