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Lot 4 Seven Flats For InvestmentAuction Date:
5th May 2022
Flats 1-7, The Old Bakery Mews, Bream, Lydney, Gloucestershire, GL15 6FG
Currently let at 47,040 per annum, plus vacant flat
A detached predominantly two-storey property arranged as seven, two-bedroom residential dwellings comprising five flats and two maisonettes.
It is understood that each flat has a gas heating system via radiators, double glazed windows and parking facilities.
Ground Floor
Flat 1
Open plan living room/kitchen, two bedrooms and bathrooms with W.C.
Tenancy
Currently Vacant.
Tenure
Remainder of a 999-year lease, from 1st January 2012, at a current ground rental of £200 per annum.
Council Tax Band A
Flat 2
Open plan living room/kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £595 per calendar month.
Tenure
Remainder of a 999-year lease from 1st January 2012 at a current ground rental of £200 per annum.
Council Tax Band (Deleted)
Flat 3
Open plan living room/kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £545 per calendar month.
Tenure
Remainder of a 999-year lease from 1st January 2012 at a current ground rental of £200 per annum.
Council Tax Band A
[Flat 4 †Maisonette Ground Floor]
Entrance hall, open plan living room/kitchen and cloakroom with W.C.
First Floor
Two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £735 per calendar month.
Tenure
Remainder of a 999-year lease from 1st January 2012 at a current ground rental of £200 per annum.
Council Tax Band A
[Flat 5 †Maisonette Ground Floor]
Entrance hall, open plan living room/kitchen and cloakroom with W.C.
First Floor
Two bedrooms and bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £695 per calendar month.
Tenure
Remainder of a 999-year lease from 1st January 2012 at a current ground rental of £200 per annum.
Council Tax Band A
Flat 6 First Floor
Open plan living room/kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £700 per calendar month.
Tenure
Remainder of a 999-year lease from 1st January 2012 at a current ground rental of £200 per annum.
Council Tax Band (Deleted)
Flat 7 First Floor
Open plan living room/kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £650 per calendar month.
Tenure
Remainder of a 999-year lease from 1st January 2012 at a current ground rental of £200 per annum.
Council Tax Band A
Auctioneer’s Note
With the exception of Flat 1 the Auctioneers have been unable to internally inspect the Flats.
The auction details have been provided by seller and interested applicants should rely on their own investigations to verify the information provided.
Viewings
Flat 1 viewing is by prior arrangement with the Auctioneers.
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
