Property description

***For sale by auction on 30th April 2015*** ***Guide Price £65,000 - £75,000. This is a well presented first floor 1 bedroom flat of approx 32 SQM. The property is sold subject to a new 12 month AST let at £525 pcm representing a gross yield in the region of 9%. The tenant has lived at the property for approx 3 years. Situated close to East Street, Bedminster and the city centre the property is in a very convenient position.

Situation
The property is situated at the York Road end of Whitehouse Street, an ideal position for accessing the local facilities on East Street and North Street. The city centre is also within a few minutes and there are good public transport links nearby.

Description
This is a good sized one bedroom flat of approximately 32 sqm and is in very good decorative order, The current tenant has been in occupation for approximately 3 years. He has recently signed a new 12 month tenancy at £525 PCM in line with the recent increase in housing benefit. The accommodation offers 1 double bedroom, good sized living room with integral kitchen shower room and hallway.

Accommodation

Hallway
With doors to accomodation

Living room
Open plan living space with integral kitchen comprising a range of beech fronted floor and wall units with stainless steel sink and drainer, stainless steel electric hob, oven and washing machine and fridge. Two double glazed windows to front and side elevations.

Bedroom
With built in wardrobe. Please note the current window in the rear elevation will be blocked up prior to the auction. A new window will be opened into the side elevation as per the floor plan. The exact size and position is still yet to be determined but we expect a double glazed window of approx 800mm x 800mm to be fitted.

Shower Room
With WC, pedestal wash basin and double shower cubicle.

Tenure
Leasehold, residue of a 999 year lease from 14th December 2014

Service Charge & Ground Rent
The service charge equates to 1/3 of all building costs and has been calculated for the year at £326.73. There is a peppercorn ground rent.

Possession
The property is sold subject to the new 12 month AST at £525 PCM expiring in March 2016

Buyer's Premium
Please note that in addition to the Buyer's Admin Fee an additional Buyer's Premium of £500 + VAT is payable.

Viewings
Wednesdays 4.00 - 4.30pm and Saturday 18th April 11.30 - 12.00

For sale by auction (unless previously sold)
On Thursday 30th April 2015 at 7pmAt Bristol Pavilion, Gloucestershire County Cricket Ground, Nevil Road, Bristol BS7 9EJ

Legal Pack
A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other other lots in this auction please visit the website.

Property Features :

• Well presented 1 bed flat
• Popular location
• Approximately 32 SQM
• Excellent yield, circa 9%
• EPC rating: E