Lot 116

SEVEN LONG LEASEHOLD FLATS FOR INVESTMENT

Flats 1-7, The Old Bakery Mews, Bream, Lydney, Gloucestershire, GL15 6FG
Flats 1-7, The Old Bakery Mews, Bream, Lydney, Gloucestershire, GL15 6FG
MAY AUCTION

On the instructions of the Administrators

Currently let at £53,760 per annum

A detached two-storey property converted into seven two-bedroom residential dwellings comprising five flats and two maisonettes.

It is understood each flat has a gas heating system via radiators, double glazed windows and parking facilities.

The flats are offered on individual leases of 999-years from 1st January 2012.

Ground Floor

Flat 1

Open plan living room/kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at £560 per calendar month.

Flat 2

Open plan living room/kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at £595 per calendar month.

Flat 3

Open plan living room/kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at £545 per calendar month.

Flat 4 - Maisonette

Ground Floor

Entrance hall, cloakroom with W.C. and open plan living room/kitchen.

First Floor

Two bedroom and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at £735 per calendar month.

Flat 5 - Maisonette

Ground Floor

Entrance hall, cloakroom with W.C. and open plan living room/kitchen.

First Floor

Two bedroom and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at £695 per calendar month.

First floor

Flat 6

Open plan living room/kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at £700 per calendar month.

Flat 7

Open plan living room/kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at £650 per calendar month.

Tenure

Each flat is being offered with a the remainder of 999-year lease from 1st January 2012.

Auctioneers Note

The property has not been internally inspected by the Auctioneers and the auction details have been provided by the Seller. Interested applicants should rely on their own investigations to verify the information provided.

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/