Studio for sale

Flat 3, 74 Drummond Road, Bournemouth, Dorset BH1

Buy-to-Let Investment. Income Producing £750 pcm Rental Income

Guide Price £40,000 to £60,000 * Buyers Premium Applies

For sale by public auction.unconditional online auction.

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Register on this lot today. The legal pack can be downloaded from our website, .

Town & Country Property Auctions are delighted to offer For Sale by Public Auction this excellent opportunity to acquire a first-floor studio apartment situated in the popular residential location of Boscombe, Bournemouth.

The property is currently let on a rolling tenancy, producing a rental income of £750 per calendar month (£9,000 per annum), offering an immediate income stream for the incoming purchaser.

The apartment represents an appealing proposition for landlords seeking to expand an existing rental portfolio, with an established tenant already in occupation and income being generated from day one.

Importantly, the lease has been renewed and the roof to the building has been replaced, providing additional reassurance for prospective purchasers. Furthermore, there are currently no known Section 20 issues to be aware of.

Conveniently positioned within Boscombe, the property benefits from access to a wide range of local shops, amenities and transport links, with Bournemouth town centre and the coastline also within easy reach.

An attractive income-producing addition to any established rental portfolio, offering an opportunity to acquire a tenanted investment through our property auction..

The property will be entered into our 16th December auction which is held online and starts at 10am. You must register to bid and download the legal pack.
Property features

Studio
. Tenant in Situ
. £9,000 per annum rental income
. Council tax band: A
. Market Value: £80,000
. Rental Value Per Month: £750
. 56 Day Completion
Additional information

Property Tenure Leasehold
. Length of lease remaining: 149 Years Approx
. Annual ground rent: £0
. Annual service charge: £1,584 Approx paid every 6 months
Tenancy information

Tenancy Term: Rolling
. Tenancy Type: AST
. Are the Tenants in Arrears: No
Viewing arrangements

We will be holding viewing slots, please call us on .
The property is available for viewing immediately. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.

Unconditional lot Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a £5,000 or 5% deposit and a 5%+VAT (subject to a minimum of £8,500+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of id, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the legal documents'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.