*Guide Price £135,000 (+ fees). For Sale via our national online auction. Two bedroom third floor flat situated in Bournemouth, an ideal investment with a potential rental income of £1,300 per month (£15,600 per year), offering a potential Gross Yield of 11.5%. Legal pack available to download free of charge from our website!
Description
*Guide Price £135,000 (+ fees). For Sale via our national online auction. Two bedroom third floor flat situated in Bournemouth, an ideal investment with a potential rental income of £1,300 per month (£15,600 per year), offering a potential Gross Yield of 11.5%. Legal pack available to download free of charge from our website!
Third Floor Flat
Offering to auction, is this two bedroom third floor apartment situated in Bournemouth. This property is a fantastic investment opportunity offering a potential Gross Rental Yield of £1,300 per month and £15,600 per year. The accommodation comprises an entrance hall, living/dining room, kitchen, two bedrooms and a bathroom. Externally, this property benefits from communal grounds and parking.
Pine Grange is set within well maintained communal grounds and is just a short walk from Bournemouth Town Centre, Beach and Pier, offering good access to public transport including Bournemouth mainline Train Station.
AUCTIONEERS NOTE We have been advised by a local letting agent that the potential rental of £1,300 per calendar month (£15,600 per year) is achievable and based on the current Guide Price this offers a potential Gross Yield of approximately 11.5%.
ACCOMMODATION Entrance Hall
Living/Dining Room: 16'4" x 15'9"
Kitchen: 7'8" x 6'9"
Bedroom One: 15'6" x 11'7"
Bedroom Two: 10'4" x 12'6"
Bathroom: 10'6" x 5'5"
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 our full details online on 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.
SERVICE CHARGE AND GROUND RENT Please note we have been advised that the service charge is approximately £3,333.56 per year this also includes building insurance, heating and hot water heating.
We have been advised that the ground rent is approximately £200 per year.
COMPLETION TIMESCALE Please note this has a 14 day completion.
Tenure: Leasehold
Lease Details: 99 Years from 24 June 1977
EPC Rating: C69
Tenure
Leasehold. The property is held on a 99 year lease from 1977 (thus approximately 52 years unexpired).
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
Buyers Premium Of £1,200 including VAT
Administration Charge
Buyers Administration Charge of £1,200 including VAT
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- 2 Bedrooms
- Tenure: Leasehold. The property is held on a 99 year lease from 1977 (thus approximately 52 years unexpired).
- Unconditional (Immediate Exchange)
Call the team on 01752 474200 for more information
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