Auction House / North West
  • For Sale By Unconditional Online Auction
  • Guide Price* : £69,000
  • Auction Ended 21/07/2021
  • Lot 5

Flat 19 Nexus, Addison Close, Gillingham, Dorset, SP8 4LR

Tenanted Two-Bedroom Residential Investment Opportunity Generating £7,500 Per Annum


Description

A tenanted two-bedroom first-floor apartment arranged within a purpose built development with 1x allocated car parking space, generating £7,500 per annum / £625 pcm.

The accommodation comprises entrance hallway, open plan lounge / dining area / kitchen with floor to ceiling windows, 2x bedrooms and bathroom with w.c.

Externally the premises benefit from 1x allocated car parking space.

Accommodation
We have taken the Net Internal Area from the Energy Performance Certificate (EPC) as follows:

Total Floor Area: 64 sq m (688 sq ft)

Location
The property is situated in a mainly residential area close to local amenities including doctor’s surgeries, supermarkets and schools. Gillingham town centre is located approximately 0.7 miles from the property, with Gillingham (Dorset) Railway Station only 0.2 miles away.

Tenancy
We are informed that the property is Let on a 6-month AST from June 2021 at a rent of £625 pcm / £7,500 per annum.

Tenure
Leasehold – please refer to legal pack for further details

Service Charge - £650 per annum
Ground Rent - £200 per annum

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Additional Fees
Buyer's Premium: 3.3% inc VAT subject to a minimum of £2,500.00 inc VAT
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

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.

Administration Charge

1.5% inc VAT subject to a minimum of £3,500.00 inc VAT

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* Guide | £69,000
  • 2 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 01772 772450 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.