*Guide Price £55,000+ (+ fees). For Sale via Online Unconditional Livestream Auction on 03/12/2024 at 14:00pm. Two bedroom ground floor flat offering a great investment opportunity with a potential gross yield of 16.3%. Full legal pack available to download via our website.Ground Floor FlatOffering to auction, this two bedroom ground floor flat situated in Watchet, Somerset. The accommodation comprises an entrance hall, living room, kitchen, bedroom 1, bedroom 2 and a bathroom. The potential rental income for this property is £750 per month and £9,000 per year. This offers any prospective buyer a potential gross yield of 16.3% based on the guide price. Watchet is an historic harbour town with a modern marina, a good selection of shops and amenities, a surgery, nursery facilities and a primary school. The town is ideally placed between The Quantock Hills, Exmoor and The Bristol Channel, with easy access to the A39, Bridgwater and the M5 (North) and to the A358, Taunton, the A303 and the M5 (South). The near-by village of Williton has further good facilities including a middle school. Minehead, 15 minutes away, has a wider range of amenities, including a hospital and West Somerset College.AUCTIONEERS NOTE: POTENTIAL YIELD We have been advised by a local lettings agent that the potential monthly income is £750 and the yearly income £9,000. This offers a potential gross yield of 16.3% based on the guide price.LEASE INFORMATION 999 Years from 1990 964 Unexpired years Ground Rent: Annual Payment of £25 Service Charge: One third liability for building maintenance and insurance.ACCOMMODATION Entrance Hall Living Room/Kitchen: 21' 10" x 11' 9" Bedroom One: 11' 2" x 9' 2" Bedroom Two: 11' 3" x 9' 10" BathroomVIEWINGS 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.F