A 1 bedroom first floor flat (452 sq.ft. - source EPC), let on an AST producing £5,400 pa

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Description/Location

The property is located on the Coronation Estate close to Weston Collage and the General Hospital. The property is currently let at £450 pm, we estimate current market rent is £600 pm / £7,200 pa.

Tenure

Leasehold - 125 years from November 3rd 1986 (88 years unexpired)
EPC rating D
Council Tax Band A

Local Authority

North Somerset Council

Viewing

Network Auctions - 020 7871 0420

Accommodation

First floor: Entrance hall, lounge, kitchen, bedroom, bathroom Outside: Bin store

Rent

Current rent £5,400 per annum

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.