Lot 167 - FREEHOLD INVESTMENT COMPRISING FOUR FLATS

Withdrawn After

Currently fully let at £17,520 per annum

Potential fully let at £25,200 per annum

Located in central Weymouth, this imposing building is offered freehold, with the ground floor shop having been sold under the terms of a long lease. The remaining upper three floors contain four flats of differing proportions, with two two-bedroom units and two smaller studio flats.

Three of the four flats are currently let and the building is considered ideal for addition to a lettings portfolio for its ongoing income production.

Flat 1

Studio room and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £380 per calendar month.

Flat 2

Living room/kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £620 per calendar month.

Flat 3

Living room/kitchen, two bedrooms and shower room with W.C.

Tenancy

Currently vacant.

Flat 4

Studio room and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £460 per calendar month.

Ground Floor Shop

Tenure

Sold under the terms of a 999 year lease, from 29th September 2019, at a peppercorn ground rent.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/