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5 bedroom property for sale
Benedict Street, Glastonbury, BA6
£340,000
Benedict Street, Glastonbury, BA6
£340,000
Our Summary
- Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online
- A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful
- Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales
- If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought
Description
The property is a multi-let mixed use freehold investment located in Glastonbury, comprising a ground floor restaurant (not affected) and three residential flats. The gross rent is £49,440 per annum, with a gross yield of 14.54%. The property has a total residential accommodation of 241 square meters (2,594 square feet) and a combined retail and residential area of 307.64 square meters (3,311 square feet). The flats are let on various terms, with the café let on a 7-year internal repairing term, and the residential flats let on assured shorthold tenancies. The property is Grade II Listed and located within the Glastonbury Conservation Area, with vehicular and pedestrian rights of way over adjoining land. The buyer's administration fee is £1,350 inc VAT, payable if you are successful in purchasing the property.