Block of flats for sale in High Street, Midsomer Norton, Radstock BA3

Sold by traditional auction - similar properties urgently required!

A freehold investment opportunity - 2 x Two Bedroom Flats yielding circa 12%
(based on the Guide Price)

This is a detached building (formerly St. John's Ambulance Station) situated just off of the bustling High Street of Midsomer Norton.

The Freehold building is arranged as a Two Bedroom Ground Floor Flat currently Let at £730pcm and a Two Bedroom First Floor Flat currently Let at £795pcm. The property is currently let at £18,300 per annum. The property is generally in good letting condition and would make an ideal first time investment or can easily be added to an existing portfolio.

Location • Situated just off of Midsomer Norton High Street
• Walking distance to all local amenities
• Walking distance to Primary and Secondary Schools
• Access to local bus routes including direct to Bath & Frome
• Approximately 11 miles to Bath City Centre & Train Station
Accommodation Ground Floor:

Entrance Hall: Front door and Hallway leading to:
Bedroom 1: A double Bedroom (3.84mx3.10m approx)
Bedroom 2: Arranged as a single bedroom (3.10mx2.80m approx)
Bathroom: Bath with Shower fitting, Basin and WC (1.75m x 1.75m approx)
Living Room: Arranged as Living Room with Dining area (4.18m x 3.21m approx)
Separate Kitchen: Accessed via the Living Room with multiple units and incorporating combination boiler (4.27m x 1.78m approx)

First Floor:

External Staircase leading to Entrance Hall: Front Door and Hallway leading to:
Living Room: A large Living Room with Dining area (5.18m x 3.02m approx)
Bedroom 1: A double bedroom (3.36m x 2.44m approx)
Separate Kitchen: Accessed via the Hallway with multiple units and incorporating combination boiler (2.80m x 1.75m approx) leading to another Hallway which in turn leads to:
Bedroom 2: Arranged as a dressing room (3.20m x 2.5m approx)
Bathroom: Bath with Shower fitting, Basin and WC (1.75m x 1.75m approx)
Outside The Ground Floor Flat comes with a small enclosed Garden.
There is parking to the front of the property for 1 or 2 small cars.

Agents note: It should be noted that the area of land to the front of the property is used for parking by the tenants. Part of this land falls outside the extent of the registered title and interested parties should satisfy themselves to the veracity of the arrangement. We are informed by the seller that the physical boundaries are clearly defined and the ownership of this land has never been disputed for the duration of their ownership, since 10th December 2004 and a Statutory Declaration to this effect will be provided if required.
Tenure Freehold
Utilities We are advised by the sellers that the following services are connected:
Water & Drainage (Your attention is drawn to the water and drainage search contained within the legal pack).
Electric
Gas
Mobile and Broadband
Please visit the Ofcom mobile and broadband checker for availability of services _https_checker.ofcom.org.uk/
Interested parties should satisfy themselves as to the suitability and availability of any services they may require.
Possession Sold subject to the tenancy details included in the Legal Pack.
Completion 28 days (20 working days) from the contract date.
Viewings Open house viewing schedule to be announced. Please register interest via the request viewing button.
Legal Pack The legal pack is a bundle of information, specific to this property which will include, but not limited to:

• Official Copy of Register of Title (Office Copy Entry)
• Local Authority Search
• Coal Mining Search
• Water & Drainage
• Environmental search
• Special Conditions of Sale
• Property Information Form
• Fixtures and Fittings Form

We recommend all elements of the legal pack are reviewed by your and your conveyancer before bidding. You are deemed to bid in full knowledge of the contents of the legal pack whether you have reviewed it or not.

Your attention is drawn to the Special Conditions of Sale within the Legal Pack, which detail other charges in addition to the sale price which you may be liable for. These costs may include, but not limited to, Search Fees, reimbursement of Sellers costs and Legal Fees as well as Transfer Costs.

The Legal Pack is available to download, free of charge, via the City and Rural Property Auctions website. By registering for Legal Pack you will be kept up to date of any changes that may occur in the build up to the auction.
Bidder Registration closes on the 3rd April 2024 You must register to bid to take part in the auction. Registering to bid is very simple, you must visit the City and Rural Property Auctions Website and click on the register to bid button (this feature is not available on Rightmove or Zoopla).
Step 1 – complete the online bidding form (this is the same form if you wish to do telephone or proxy bidding).
Step 2 – Upload your id and Proof of Address
Step 3 - Pay your security deposit of £6,500 (this places a hold on your debit card and no money will leave your account unless you are the successful purchaser).
Step 4 – you will receive a confirmation email you are ready to bid.

Good luck at the auction! Any outstand deposit balance must be transferred to us within 24 hours of the auction. If you are unsuccessful at the auction the hold on your debit card will be cancelled within 24 hours of the auction, although the exact date will be determined by the issuing bank.
Mortgages and Bridging Finance There is finance available for virtually every lot, whether that’s a from a high street mortgage lender or from a short-term bridging finance company. We have a team of specialist auction third party mortgage brokers and finance providers that know the ins and outs of auctions, particularly the timescales required to complete, that are on hand to help. Please contact City and Rural Property Auctions for further details. Please note we may receive introductory fees from the broker for this service.

Tenure: See Legal Pack

EPC Rating: D

Terms:
Guide Prices & Reserves
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
Please be aware there may be additional fees payable on top of the final sale price. These include 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.

Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.

Consumer Protection Regulations 2008
City & Rural Property Auctions endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.

Anti Money Laundering Regulations.
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.