*Guide | £400,000+ (plus fees)
- Block of Apartments
- 7 Bedrooms
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Vacant Semi-Detached Building Arranged to Provide Seven Self-Contained One Bedroom Flats. ERV of £60,733.40 Per Annum (If Let at LHA Rate Once Refurbishment of Flats is Complete)
The property comprises a semi-detached building internally arranged to provide seven self-contained flats over ground and two upper floors. The property requires a complete program of refurbishment.
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Paulton Memorial Park are within easy reach. Transport links are provided by the A39 to the west.
Tenancy
The LHA rate for a one bedroom property in the area is £165.85 per week (8,676.20 per annum) (source: lha-direct.voa.gov.uk). Therefore the ERV for all 7 flats is £60,733.40 per annum once the building has been fully refurbished to the required standard.
A local estate agent has valued the flats, once fully refurbished, at circa £110,000-£120,000. A copy of this email is available upon request. Auction House London make no representations or warranties with regard to this valuation. Buyers must rely on their own enquiries. Floor plans for all of the flats are available within the legal pack.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
