Property description

***For sale by auction on 30th April 2015*** ***Guide Price £50,000+*** A surprisingly light and airy studio flat with patio garden. The property offers a good sized living space with separate kitchen and bathroom as well as far reaching views towards the Clifton Suspension Bridge. The property is let on a new 12 month AST at £475 PCM representing a gross yield of circa 11%.

Situation
Situated on the outskirts of Bedminster the property benefits from excellent public transport links via the local bus service and the Parsons Street train station, putting Bristol Temple Meads and Bristol City Centre only a few minutes away.

Description
A surprisingly light and airy studio flat with patio garden. The property offers a good sized living space with separate kitchen and bathroom as well as far reaching views towards the Clifton Suspension Bridge. The current tenants have renewed their tenancy and it is now let on a new 12 month AST at £475 PCM representing a gross yield of circa 11%. The patio is currently have a set of steps let in from the path. These are due for completion prior to the auction.

Accommodation

Approcah
The property is approached via a set of steps to the side of the property leading to a pathway. A set of newly set steps lead from the path to the block paved patio garden. From the patio is a double glazed door leading to:

Living Space - 3.90m x 3.16m (max)
Open plan living space with arch leading to kitchen and bathroom

Kitchen
Range of floor and wall units with inset circular stainless steel sink, electric hob, oven, washing machine and fridge/freezer. Door leading to:

Shower Room
Comprising shower cubicle, WC and corner wash basin.

Outside
To the rear of the property is a block paved patio garden with views towards the Clifton Suspension Bridge

Tenure
Leasehold, residue of a 999 year lease from 30th September 2008

Service Charge and Ground Rent
The service charge has been calculated for 2015 at £146.23. The property is subject to a peppercorn ground rent

Possession
The property is sold subject to a new 12 month AST let at £475 PCM

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 4.45 - 5.15pm and Saturday 18th April 10.45 - 11.15am

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 :

• Tenanted studio flat
• Patio Garden
• Open aspect with far reaching views towards Clifton Suspension Bridge
• Close to Parsons Street Train Station
• Offers a gross yield in excess of 11%