Home > Auctions > July 2021 07 July 2021 - 9:00am > Lot 19

July 2021: Wednesday 07 July 2021 - 9:00am
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    Key features

    • Freehold block comprising 12 self-contained flats
    • Prime Lansdown location
    • Eight flats vacant, one is let on an AST and three are sold
    • Potential circa 5% gross yield fully let*
    • By order of the LPA Receivers
    • Refurbished Bath Stone three storey detached block
    • Six garages included - two sold on long leases
    • Investment opportunity

    Description

    Charlecote presents a comprehensive refurbishment of a purpose-built 3 storey apartment building, with restored Bath Stone exterior, new roof, windows and external doors, upgraded common areas and landscaping in a prime location in Lansdown.

    Surrounded by mature trees and landscaping, some of the flats include terraces with far reaching views towards the city and beyond.

    Specifications include:

    Whitened oak engineered timber flooring to hallway, living/dining area and kitchen, Neutral carpet to bedrooms, White décor throughout, Flush painted internal doors, Combination of recessed low voltage down lighters and pendant lights, Brushed steel switch plates and sockets

    Kitchens - Contemporary kitchens with handleless matt doors in neutral colour, Quartz stone worktops, with under mounted stainless steel sink with mono-block mixer tap. Integrated Bosch appliances including oven, microwave, induction hob, fridge/freezer, dishwasher and extractor fan

    Laundry cupboard with plumbing for washer/dryer

    Shower rooms - Porcelanosa floor tiles in timber effect finish. Porcelanosa white wall tiles. Duravit wash hand basin with optional vanity unit below and large mirror above. Optional mirrored glass wall cabinets with LED lighting, Large walk-in showers with Hansgrohe fittings

    All master bedrooms have generous en suite shower rooms

    Selected apartments have a walk-in dressing area

    There are 6 garages included, two of which have been sold separately on 999 year leases

    Additional information

    Tenure

    Freehold

    Tenancy

    Rent

    £16,400 per annum with 8 flats vacant. If fully let the rent could be in the region of £160,000 per annum representing a gross yield of 5.5% at the guide price

    Notes

    Some final fit out works are being undertaken, these are intended to be completed prior to the auction.

    The images show a dressed show apartment, the contents are not included in the sale

    Contact contact the auctioneers for further information.

    * Based on recent lettings in the block - interested parties must satisfy themselves in this regard.

    The tenancy schedule and rents were updated on the 22/06/21 flat 3 is now vacant

    Flat 9 has now been included in the sale 05/07/21

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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        Local information

        Situated in a prime elevated position at the top of Sion Road in Lansdown - one of the most sought after residential locations in Bath, just under a mile from the city centre.

        This luxury development offers a unique opportunity to experience contemporary living in this classic and exclusive location.

        Convenient for the local amenities on Lansdown Road with broader amenities in the city centre

        This historic city is a popular tourist destination providing many leisure opportunities including the well known Roman Baths together will a broad choice of shops restaurants and pubs.

        Recreation amenities can be found in the surrounding countryside and include the Royal Victoria Park and Botanical Gardens.

        Transport

        National Rail - Bath Spa Station

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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