A large 2 bedroom ground floor flat (620 sq. ft.) with own garden in need of complete refurbishment - vacant

Description/Location

The property is non standard construction (Mundic Block) and requires complete refurbishment. Anticipated rental income £850 per calendar month once works are completed.

Tenure

Leasehold -125 years from 09/06/2008. Ground rent £10 per annum. No set Service Charge. If any works required the cost is split between the 4 flats in the block.
EPC - awaited

Local Authority

Taunton Deane Borough Council

Viewing

Please contact Gibbins Richards on 01823 332828.

Accommodation

Ground floor: Entrance hall, storage cupboard, living room, kitchen, dining room, 2 bedrooms, bathroom Outside: Garden to front and rear of the property plus use of communal garden to the side, 2 storage sheds

Rent

Estimated rental value £10,200 per annum

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Virtual Tour 38 Wellsprings Road

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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.