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2 bedroom flat for sale
Mayhill Way, Gloucester, Gloucestershire, GL1
£110,000
Our Summary
- ** For Sale By Online Auction** Pre Auction Offers Considered** A perfect investment opportunity for a landlord or a great option for first-time buyers wanting to join the property ladder
- 16 per annum (£104 pcm) Annual Ground Rent: £75 per annum Current Rental Price: £10,800 per annum (circa £900pcm) Floor Area: 59sqm Gas Central Heating throughout Building built: 2002 EPC: Rating D Council Tax Band: B Maximum Rental Achievable: £11,400 per annum (circa £950 pcm) Modern Terms & Conditions - This property is for sale via Online Auction
- This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
- The auction will run for 3 hours on a set date and time chosen by the vendor of the property
- Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
- The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives
- Auction Pack Available On Request
- Brilliant Investment Opportunity
- Pre Auction Offers Considered
Description
This two-bedroom apartment is a perfect investment opportunity for a landlord or a great option for first-time buyers. Located on the third floor of a quiet building in Pillowell Drive, it offers a short walk to Gloucester Royal Hospital, Gloucester Quays, and the city center, as well as easy access to railway lines and bus routes. The apartment features an open-plan kitchen and living space, two bedrooms, and a family bathroom with a shower over the bath. It also comes with an allocated parking space and benefits from gas central heating throughout. The property is leasehold with a 999-year lease and an annual service charge of £2,312.16. The current rental price is £10,800 per annum, and the maximum rental achievable is £11,400 per annum. The property is being sold via online auction, and the winning bidder will be required to pay a non-refundable reservation fee of 3.6% of the winning bid, in addition to the purchase price.