Block of Apartments For Sale
We are delighted to be able to offer for sale an excellent investment opportunity of six flats, all currently vacant and with a potential rental income in the region of £46,500.
The building is in need of some improvement in part and four of the flats require updating and redecoration. Flats 155a and 155b are well presented having recently been decorated and 155b has a small private garden area to the rear.
The three ground floor flats (151b, 153b and 155b) all comprise a sitting room, separate kitchen, double bedroom and bathroom. The three first floor flats (151a, 153a and 155a) each offer a sitting room with kitchen area, double bedroom and bathroom.
Outside
There is access to the rear of the property with space for bin and bike storage and a small garden area to the front.
EPCs
151a – E
151b – F
153a – D
153b – E
155a – C
155b - E
Please note: The minimum requirement for letting a property is an EPC of an E
Local Council
Mendip District Council
Council Tax band
All flats are banded A
Services
Mains electricity and water are connected to each flat. 155a and 155b have gas connected and gas central heating. The other four flats have gas available but no connection made and have electric heating.
Tenure
Freehold
VAT
The purchase price is not subject to VAT
Viewing
By appointment through Cooper and Tanner on 01373 455060
Completion
Completion has been set for Wednesday 19th October 2022
Registering to bid and Administration fee
Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1260 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.
Deposit
Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.
Solicitors
Harris and Harris, Frome
Ben Monksummers acting. Tel: 01373 463366
Tenure: Please confirm with Cooper and Tanner whether this property is freehold or leasehold
No EPC available for this property
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