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Land for sale
400 Park Way, Worle, Weston Super Mare
£25,000
400 Park Way, Worle, Weston Super Mare
£25,000
Our Summary
- A superb investment opportunity with potentially lucrative rental returns
- For Sale By Auction - This property is due to feature in our online auction on 22 May 2025 at 6
- Offering excellent potential for consistent rental income, this is a superb investment opportunity in a prime, commuter-friendly location
- Auction Or Bridging Finance Required
- Contact the Auction Team today to be put through to our mortgage and loan experts on or email Buyer's Premium - Please be advised that all purchasers are subject to a £1,500 plus VAT (£1,800 inc VAT) buyer’s premium payable upon exchange of contracts
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Each property will be offered subject to 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
- Reserve Price - The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell
- Both the guide price and the reserve price can be subject to change up to and including the day of the auction
- Proxy, Telephone & Online Remote Bidding - The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid
- The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction
- Preliminary Deposits - The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:£1,000 - £150,000: £5,000£151,000 and above: £10,000If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale
- If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days
- 22 May LIVE ONLINE AUCTION
Description
A rare opportunity to purchase 9 allocated parking spaces in the grounds of Trego House, a former office building converted into residential apartments, is now available for sale by auction. The parking spaces are located in a highly convenient position within the larger car park, close to Worle train station, making it an excellent investment opportunity with potentially lucrative rental returns. The properties are sold collectively on the basis of nine separate 125-year leases from 1 January 2016, with yearly service charge contributions of £32. Completion is expected within 4 weeks from exchange of contracts, and the buyer's premium is £1,800 inc VAT.