Flat for sale in Flat 1 62 Bargates, Christchurch, Dorset BH23

For sale by online auction on Tuesday, 23 Apr 2024 ending at 14:48

*Guide Price £90,000 (+ fees). For Sale via our National Online Auction, bidding opens 22/04/2024 and closes on the 23/04/2024. Two bedroom first floor flat with garage, vacant, potential yield 24% based on the guide price. Legal pack available to download free of charge from our website!

*Guide Price £90,000 (+ fees). For Sale via our National Online Auction, bidding opens 22/04/2024 and closes on the 23/04/2024. Two bedroom first floor flat with garage, vacant, potential yield 24% based on the guide price. Legal pack available to download free of charge from our website!First Floor FlatThis property is a two bedroom first floor flat situated in Christchurch, Bournemouth. The property is an ideal investment offering potential yield of 16% based on the guide price. The accommodation comprises an entrance hall, living room, kitchen, two bedrooms, a bathroom and a garage.

A prime location, within easy walking distance of Christchurch Town Centre with all its amenities, both Christchurch Junior School and Twynham Academy, and has good road links to Bournemouth and Southampton.

Auctioneers note We have been advised by a local estate agent that the potential rental income for this property is £1,200 per calendar month and £14,400 per year if the property is finished to a reasonable standard. This offers any potential purchaser a potential gross yield of 16% based on the guide price.

Accommodation

Entrance Hall:

Living Room:

Kitchen:

Bedroom One:

Bedroom Two:

Bathroom:

Garage:

Viewings Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on to request a viewing.

Full details Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.

Notice to bidder Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.Tenure: LeaseholdLease Details: 99 Years from 27 May 1976EPC Rating: E40

Additional Fees
Buyers Premium: £1560 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.