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1 High Street, Gloucester *Guide Price £40,000 - £50,000

  • Ground floor studio flat
  • Good sized living space
  • Kitchen/dining space
  • Bathroom
  • Let at £395 pcm/£4,740 pa
  • Advised ground rent and service charge is £47 pcm
  • EPC: C

***Sold by Online Auction on 2nd April 2020 for £50,000*** 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.


1 High Street
Gloucester GL1 4SP
County: Gloucestershire
Sale Type: Sold STC
Ref #: AH000327

A tenanted studio flat offering gross annual yield of circa 10%. Ideal investment property

Description

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.

Key Points

• 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

Viewing

Wednesdays 1.00 - 1.15 Further viewing times to be announced.

Search Pack Fee

£360 inc VAT payable upon exchange of contracts.

For Sale by Online Auction

On Thursday 2nd April 2020 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.

Legal Pack

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.

Additional Fees

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.


1 High Street
Gloucester GL1 4SP
County: Gloucestershire
Sale Type: Sold STC
Ref #: AH000327
Name Location Type Distance

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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