National online auction 6/03/2023
Fantastic investment opportunity of two flats within a freehold building.
Offering to auction this fantastic opportunity to acquire two flats within a freehold building. The accommodation in brief comprises one ground floor flat an open plan living area, kitchen, double bedroom and a shower room. The other property is a two bedroom maisonette comprising a ground floor entrance hall, kitchen/breakfast room, stairs to first floor where you will find living room, two bedrooms and bathroom. Outside you will find a small communal courtyard.
Both properties are currently tenanted, details of which can be found within the legal pack.
57 Alfred Street: £675 PCM and £8,100 Per annum
57A Alfred Street: £625 PCM and £7,500 Per annum.
Together Per annum £15,600 giving a yield of 8.4% - 9.1%
located in Weston super Mare and shares all the amenities associated with a busy seaside town with ample shopping, leisure and school facilities close to hand. For the commuter junction 21 provides easy access to the M5 and from there to most major towns and cities. There is a mainline train station at Worle Parkway providing fast easy access to all major parts of the country. Bristol International Airport is approximately a 30 minute drive away and a regular bus service provides access to most areas of the town and outlying districts.
Accommodation 57A Ground Floor Entrance - Via uPVC double-glazed door.
Open Plan Living Area - 11'10" x 10'9" (3.61m x 3.28m)
Double Bedroom - 10'6" x 8'6" (3.20m x 2.59m) -
Shower Room - 8'9" x 2'4" (2.67m x 0.71m)
Accommodation 57 Maisonette Entrance Hall
Kitchen - 14'1" x 8'2" (4.29m x 2.49m)
Lounge - 16'1" x 10' (4.90m x 3.05m)
Bedroom - 12'9" x 8' (3.89m x 2.44m)
Bedroom - 9'6" x 6'6" (2.90m x 1.98m) -
Shower Room - 7'3" x 4'2" (2.21m x 1.27m)
Viewings Viewings will be conducted by block viewing. Please call he office to register your interest on 0117 299 9889.
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
Tenure: Freehold
EPC Rating: E51 (No.57A)/D61 (No.57)
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 of £750 plus VAT (£900 Including VAT)
Administration charge of £1,000 plus VAT (£1,200 Including VAT)
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