Two Bedroom Flat

A two-bedroom flat situated in St Austell, enjoying views across the town. The accommodation comprises a living/dining room, kitchen, two double bedrooms and a bathroom. Access to the flat is via a communal lift or staircase, with further benefits including a communal laundry room and an allocated storage shed. The property is currently tenanted, generating a rental income of £550 per calendar month (£6,600 per annum), making this an attractive investment opportunity with existing rental income. An excellent opportunity for investors.

Tenure

Leasehold.

AUCTIONEERS NOTE

The property is currently tenanted, achieving a rental income of £550.00 per calendar month. Based on the guide price, this represents a gross rental yield of approximately 18% per annum.

ACCOMMODATION

Entrance Hall Kitchen: 1.97m x 4.05m Living Room: 5.23m x 3.13m Bedroom: 4.29m x 2.92m Bedroom: 4.30m x 2.39m Bathroom: 1.96m x 4.65m

FULL DETAILS

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

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.

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 C73

Local Authority

Cornwall County Council

Solicitors

Devall Law, 27 Middle Road, Ref: Devall Law, Tel: 01489 579 804

Additional Fees

Buyer's Premium - £600 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.