Glenville Road, Walkford, BH23

£65,000

Guide price

  • Bedrooms: 1
FOR SALE BY ONLINE AUCTION 15TH APRIL 2021 AT 4PM - CASH BUYERS ONLY - Currently let at £500 pcm is this refurbished ONE BEDROOM flat of around 220 sq ft situated close to local shops and bus routes and around a mile from the centre of Highcliffe. The main Weymouth to London Waterloo train line is around 2/3 mile. This makes an ideal investment property which produces a Gross Yield of 9.2% at the Guide Price. Please note that there is no parking associated with this property. PRE-AUCTION OFFERS CONSIDERED

AUCTION INFORMATION

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives.

AUCTION INFORMATION CONTINUED

We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the legal pack', if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above a single figure guide price or if a guide price bracket is quoted the reserve will fall somewhere within those figures.

COMMUNAL ENTRANCE

UPVC door with stairs rising to First floor and personal entrance to Flat 4.

KITCHEN/LIVING ROOM

3.53 x 3.33 (11'7 x 10'11 )

Kitchen Area: Fitted with a range of base and wall mounted cupboard and drawer units with areas of square edged contrasting laminate work surface over. Integrated fridge/freezer, washing machine, four burner Gas hob with electric oven beneath and filter extractor canopy over. Inset stainless steel sink unit with drainer adjacent and mixer tap over. Laminate wood flooring. UPVC double glazed window to side aspect. Wall mounted panelled radiator. Door to:

BEDROOM

2.44 x 2.81 (8'0 x 9'3 )

Space for freestanding bedroom furniture, power points, ceiling light point, wall mounted panelled radiator. Door to:

SHOWER ROOM

Fitted with a modern suite comprising enclosed shower cubicle with chrome fitments, low level flush WC and pedestal wash hand basin. Chrome ladder style towel radiator. UPVC double glazed window to side.

LEASEHOLD INFORMATION

The property is held on the balance of a 125 year lease with around 122 years remaining. Ground Rent is payable annually and we await confirmation of this cost. Maintenance is payable annually and we are led to believe is chargeable at 9% of the total costs to this block which is currently around £400 per annum.

DIRECTIONAL NOTE

From our office in Highcliffe proceed in an Easterly direction until reaching the roundabout. Take the first exit here onto Ringwood Road and proceed along here until reaching the shops. Turn right here into Glenville Road and the block will be found on the left.

PLEASE NOTE

All measurements quoted are approximate and for general guidance only. The fixtures, fittings, services and appliances have not been tested and therefore, no guarantee can be given that they are in working order. Photographs have been produced for general information and it cannot be inferred that any item shown is included with the property.

AGENTS NOTE

Access to the property has not yet been possible and the photos and measurements are from when the property was converted around 2017 and are not up to date. Please bear this in mind before making any offers as no liability will be accepted by us in the event that an internal inspection was not undertaken prior to purchasing.

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Ross Nicholas & Company - Highcliffe

334 Lymington Road, Highcliffe, Christchurch, Dorset

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