Large 2 bedroom lower ground floor flat with off street parking, in need of modernisation
This is a substantial 2 bedroom flat occupying the lower ground floor of a large detached Victorian building. The property is approached from the rear of the building and at 75 sqm offers generous proportions. Now in need of modernisation there is an opportunity to reconfigure the accommodation to provide a better layout. Currently the accommodation provides an entrance hall, living room, 2 double bedrooms, hallway/study, separate kitchen and bathroom. Outside there is ample off street parking.
We have been advised that the property is likely to rent for £650 pcm once refurbished to a modern standard, giving a potential gross annual yield in the region of 10%.
This is suitable for cash buyers only. There is no management company currently in place. The solicitors and LPA receivers will pay the building insurance on the flat and the purchaser will need to become part of the management company upon completion.
14 days from the date of the auction
By appointment with Auction House 0117 946 4949
For Sale by Auction
On Monday 11th February at 7.00 pm. 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.
Buyer's Premium - £1140 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 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.