Back to auction

Lot 4 - 51 Locking Road, Weston-super-Mare, North Somerset, BS23 3DG

Guide Price* £215,000

Image 1 of 15
Image 2 of 15
Image 3 of 15
Image 4 of 15
Image 5 of 15
Image 6 of 15
Image 7 of 15
Image 8 of 15
Image 9 of 15
Image 10 of 15
Image 11 of 15
Image 12 of 15
Image 13 of 15
Image 14 of 15
Image 15 of 15
Image 1 of 15
Image 2 of 15
Image 3 of 15
Image 4 of 15
Image 5 of 15
Image 6 of 15
Image 7 of 15
Image 8 of 15
Image 9 of 15
Image 10 of 15
Image 11 of 15
Image 12 of 15
Image 13 of 15
Image 14 of 15
Image 15 of 15
Property Type
Block of Apartments
Tenure
Freehold
Type
Residential
Bedrooms
4
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Freehold three floor end of terrace property.
  • Arranged as 6 x one-bedroom self-contained flats.
  • Two flats vacant, two flats let, two flats sold.
  • Close to amenities and transport facilities.
  • Forecourt parking
  • Part vacant investment producing £10,079.96 p.a.

Freehold three floor end of terrace property arranged as 6 self-contained flats (Two flats vacant, two flats let, two flats sold) - Part vacant investment producing £10,079.96 per annum together with two vacant flats.

Description

The property is stone built and arranged over three floors beneath a pitched tile roof forming part of a terrace of five buildings with forecourt parking. Each floor contains two self-contained flats.

Location

Weston-Super-Mare is well known as a traditional holiday resort, attracting many visitors each year. Situated alongside the M5 motorway (junction 21), the town combines its seaside location with immediate access to the national railway networks. Bristol is approximately 18 miles to the north-east which has seen Weston-Super-Mare become a base for commuters into the Bristol area. The property lies in the town centre fronting Locking Road in a predominantly residential area, close to the sea front, railway station and local convenience stores.

Tenancy Schedule

Floor Accommodation Tenant Tenancy Rent
Second floor
self-contained flat (6)
Bedroom, reception room,
kitchen, shower room/wc
VACANT
Second floor
self-contained flat (5)
Bedroom, reception room,
kitchen, shower room/wc
VACANT
First floor
self-contained flat (4)
Sold on a lease for a term of 125 years from 25/10/2017 at a ground rent of £100 per annum
First floor
self-contained flat (3)
Sold on a lease for a term of 125 years from 25/10/2017 at a ground rent of £100 per annum
Ground floor
self-contained flat (2)
Bedroom, reception room,
kitchen, shower room/wc
Individual Let on an assured shorthold tenancy for 6 months from 13/11/2004 (Holding over) £4,680.00 p.a.
Ground floor
self-contained flat (1)
Bedroom, reception room,
kitchen, shower room/wc
Individual Let on an assured shorthold tenancy for 6 months from 22/7/2013 (Holding over) £5,199.96 p.a.
Outside: Forecourt parking, rear garden
Note: The property benefits from central heating (not tested)
Total rent payable £10,079.96 per annum together with two vacant self-contained flats.

Planning

Local Authority – North Somerset Council Tel: 01934 888 888 – www.n-somerset.gov.uk

EPC Rating

TBA

Council Tax Band

A

VAT

VAT is not applicable to this lot.

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

Please note that Lots may be sold or withdrawn prior to auction.

Any information provided by SW Property Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as facts. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against SW Property Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

Loading the bidding panel...

Documents

Property Map

Office Contact

Dominic Smith
07999023451
SW Property Auctions,
4th floor,
87-88 Bartholomew Close,
London,
EC1A 7BL

Vendors Solicitor

Logo
Irwin Mitchell LLP
Emma Watson
0113 218 6467