2 bedroom flat for sale

SOLD BY AUCTION FOR £97,000 - Similar properties required!
A large 2 bedroom 2 reception room FREEHOLD first floor flat - Cash Buyers Only

Attention cash buyers, a 2 bedroom first floor flat offering a high rental yield.

This is a Freehold first floor flat and as such only suitable to cash buyers only. This is a good sized flat situated on the Weston hillside, enjoying far reaching views over the town towards the seafront. Just a few minutes from Boulevard and Waterloo Street the property is conveniently positioned for all the amenities of the town centre.

The accommodation comprises a through lounge/diner and separate kitchen, with 2 bedrooms and a bathroom. The property has been let for some time and would benefit from some general updating.

The property is currently let at £575 pcm and that a Section 21 Notice has been served. We understand from local letting experts Westcoast Properties that it should relet in the current market for circa £795 pcm offering a potential gross yield of circa 12.7-14.6% based on the guide price.

Possession The property is sold subject to the existing Assured Shorthold Tenancy which is now holding over from its original term.

We understand that a Section 21 Notice has been served which should bring the tenancy to an end on the 2nd January 2024 although we can make no guarantees in this respect.
Agents Note Suitable for cash buyers only.

There are 8 flats in the building. Each owner is responsible for their own insurance and maintenance costs.

Any communal costs are on an as hoc basis and there is no monthly/annual service charge or sinking fund.
Viewings Set viewing times to be announced. Please register your interest by registering for the legal pack.
For Sale by Live Stream Auction on 20th December 2023 In order to take part you must complete the registration form and return it together with two forms of ID. You will then be able to bid from the luxury of your own home either over the internet, by phone or by proxy. 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 once available. For further information on the other lots in this auction please visit the website.

Tenure: Freehold

EPC Rating: D

Terms:
Guide Prices & Reserves
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.

Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.

Consumer Protection Regulations 2008
City & Rural Property Auctions endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.

Anti Money Laundering Regulations.
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.