Ground Floor Flat

Offering to auction, this two bedroom ground floor flat situated in Highbridge, Somerset. The accommodation comprises a communal entrance, entrance hall, living room, kitchen, bedroom one, ensuite bathroom, bedroom two and bathroom. This property is an exciting investment opportunity the potential monthly rental income of £800 and a yearly income of £10,600. This offers an prospective purchaser an estimated gross yield of 13.7% based on the guide price.

Tenure

Leasehold. 999 YEARS FROM 2005

AUCTIONEERS NOTE

POTENTIAL YIELD: We have been advised by a local lettings agent that the potential monthly income is £800 per calendar month and £9,600 per year. This offers a potential gross yield of 13.7% based on the guide price.

LEASE INFORMATION

Management charges: ground rent and building insurance £2460.00 Leasehold 999 years from 1/11/2005

ACCOMMODATION

Communal Hallway Entrance Hall Lounge: 20' 6" x 10' 1" Kitchen: 7' 1" x 7' 0" Bedroom One: 20' 5" x 11' 0" En-Suite Shower Room: 5' 7" x 5' 3" Bedroom Two : 12' 8" x 10' 0" Bathroom: 7' 7" x 5' 7"

VIEWINGS

Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing.

FULL DETAILS

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.

NOTICE TO BIDDER

Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Energy Efficiency Rating (EPC)

Current Rating D65

Local Authority

Somerset County Council

Solicitors

Holley & Steer Solicitors, 1 Berrow Road, Ref: Holley & Steer Solicitors, Tel: 01278 788991

Offered in association with

Westcoast Properties

Additional Fees

Administration Charge - £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.