Skip to main content

£290,000 Guide price Mortgage options

2 bedroom property for sale

5 St Alban Street, Weymouth, Dorset

£290,000 Guide price Mortgage options

2 bedroom property for sale

5 St Alban Street, Weymouth, Dorset

Description

Back

Property features

  • Available Post Auction
  • Auction Date : 14 February 2020
  • Lot Number : 167
  • Freehold Investment Comprising Four Flats
  • Residential Investment
  • Freehold
  • *Guide Price : £290,000 - £310,000 + Fees

Nearest stations

Weymouth (0.5mi.)
Upwey (2.8mi.)

Nearest schools

school icon  Holy Trinity Church of England VC Primary School & Community Nursery (0.7mi.)
Good
school icon  Beechcroft St Pauls CofE Primary School (0.8mi.)
Good
school icon  Beechcroft St Pauls CofE VA Primary School (0.8mi.)

Property description

Located in central Weymouth, this imposing building is offered freehold, with the ground floor shop having been sold under the terms of a long lease. The remaining upper three floors contain four flats of differing proportions, with two two-bedroom units and two smaller studio flats.

Three of the four flats are currently let and the building is considered ideal for addition to a lettings portfolio for its ongoing income production.

Flat 1
Studio room and shower room with W.C.

Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £380 per calendar month.

Flat 2
Living room/kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £620 per calendar month.

Flat 3
Living room/kitchen, two bedrooms and shower room with W.C.
Tenancy
Currently vacant.

Flat 4
Studio room and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £460 per calendar month.

Ground Floor Shop
Tenure
Sold under the terms of a 999 year lease, from 29th September 2019, at a peppercorn ground rent.

Residential EPC: E

Commercial EPC: C

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.


Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to

See more properties like this:

Map

Back

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Call 01622 279788
Check your free Experian Credit Score

DISCLAIMER

Property reference 40957-26068. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Clive Emson Land & Property Auctioneers - Maidstone. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Call rate information

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.

How much can I borrow?

OnTheMarket receives an introducer fee from John Charcol of up to 30% of the value of the fees paid by the mortgage lender to John Charcol for each successful mortgage application arranged by them.

Contact Clive Emson Land & Property Auctioneers - Maidstone about 2 bedroom property for sale £290,000

Type of enquiry

Characters remaining:

OnTheMarket can contact me with relevant properties, offers and news

By submitting this form, you accept our privacy policy. Your personal data will be sent to Clive Emson Land & Property Auctioneers - Maidstone so that they can respond to your request.