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Flat 2, 1, High Street, Gloucester, GL1 4SP

Guide price: £40,000.00|Auction date: 2020-04-02|Lot: 3|Flat, Residential

PROPERTY DETAILS

ADDRESSFlat 2, 1 High Street, Gloucester, GL1 4SP
TYPEFlat, Residential
TENUREFor Sale Leasehold
TENANCYInvestment
POSTED ON25th March 2020

DESCRIPTION

A tenanted studio flat offering gross annual yield of circa 10%. Ideal investment property

This is a modern ground floor studio flat of approximately 350 sq ft/32 sqm and is in good decorative order throughout. Currently let at £395 pcm the property offers an attractive gross annual yield of in excess of circa 10% based on the guide price. There may be some scope for to reconfigure into a 1 bed subject to the necessary consents.

Tenure

Leasehold

Key points

• Ground floor studio flat
• Good sized living space
• Kitchen/dining space
• Bathroom
• Double glazed
• Electric night storage heaters
• Let at £395 pcm/£4,740 pa
• Potential yield 10% gross per annum
• Residue of 125 year lease from July 2006
• Advised ground rent and service charge is £47 pcm

Viewing

By appointment with KJT Residential 01452 417447

Search Pack Fee

£360 inc VAT payable upon exchange of contracts.

For Sale by Auction

On Thursday 2nd April 2020 at 7.00pm at Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ

Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.

Legal Pack

A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Gloucester City Council

Solicitors

Everys Solicitors, 5 Heron Gate Office Park, Hankridge Way, Taunton, TA1 2LR, Ref: Ms Helen Jones, Tel: 01823 337636

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £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.

Viewing Times

Please call Auction House Bristol & West on 0117 946 4949 to arrange a viewing

LOCATION

Location: Flat 2, 1 High Street, Gloucester, GL1 4SP

Gloucester (0.6 miles)

Cheltenham Spa (6.4 miles)

Stroud (7.7 miles)

AGENT'S DETAILS

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