***FOR SALE BY PUBLIC AUCTION 11th FEBRUARY 2019***Large 2 bedroom ground floor garden flat with far reaching town and coastal views. Also benefits from off street parking and is within walking distance of the town centre.
At 65 sqm this is a large 2 bedroom ground floor flat occupying the end of a single storey extension to the rear of the main building. Benefiting from a dual aspect the property enjoys far reaching views over Weston and the coast. The accommodation offers 2 double bedrooms, living room, separate kitchen and a bathroom. Outside there is a garden area to the side of the property and also off street parking. The property is within walking distance of the town centre and sea front where all amenities can be found.
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%.
Agents Note 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. Completion 14 days from the date of the auction For Sale by Auction On Monday 11th February 2019 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. https://auctioneertemplates.eigroup.co.uk/guides.aspx?a=768&c=ahw Do you need finance? In most cases there is a lender for nearly every property. We work with several independent brokers and lenders who are specialists in funding properties that are sold at auction. Bristol Mortgage Advice Bureau and Together Finance will be available for appointments either in or offices or a location of your choosing in the run up to the auction as well as being there on the night to deal with any last minute enquiries EPC Rating: D Additional Fees 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
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We routinely refer potential sellers and purchasers to Gibbins Richards Conveyancing – a panel of local law firms. It is their decision whether they choose a law firm from the panel. In making that decision, it should be known that we receive a payment benefit of £150.00 per transaction. We routinely refer sellers and purchasers to the Mortgage Advice Bureau (MAB) for mortgage advice. It is their decision whether to use these services. In making that decision, it should be known that we receive a payment benefit of £180.00 per case.