June 2022: Tuesday 14 June 2022 - 9:00am
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    Key features

    • First floor two bedroom flat with sea views
    • Close to the amenities of Woolacombe
    • South facing private terrace
    • Let on an Assured Tenancy paying a rent of £610 per calendar month
    • Potential market rent of £10,500 per annum, equating to a yield of 8.75% on Guide Price

    Description

    A first floor flat with sea views

    In need of modernisation

    South facing private terrace

    Private parking

    Additional information

    Tenure

    Leasehold. Held on a lease for a term of 999 years from 1st September 2009 at a peppercorn ground rent.


    Accommodation

    First Floor (Top Floor) - Reception Room, Two Bedrooms, Bathroom, Kitchen

    Tenancy

    Let on Assured Tenancy paying a rent of £610 per calendar month


    The seller has advised that a current market rent for this property is £875 per month, equating to £10,500 per annum - please see correspondence in the legal pack for further information. Purchasers must make their own enquiries in this regard.

    Rent

    Total current rent £7,320 per annum

    Notes

    A assured tenancy is a long-term agreement between a tenant and a private landlord. Before bidding prospective purchaser’s should familiarise themselves with this type of agreement.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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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.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      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.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located along Beach Road which is near to the junction of the Esplanade.

      There are a wide variety of recreational activities within the local area, with Barricane Beach being within a short distance from the property.

      Leisure amenities such as restaurant's, cafes and shopping can be found in Woolacombe

      Transport

      National Rail - Barnstable

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      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.

      Addendums