Studio
£59,000
23-25 The Crescent, Bournemouth BH1
  • For sale via online auction 6th June 2019
  • Potential Gross Yield In Excess Of 10%
  • Previously Let At £130 Per Week
  • Cash Buyers Only
  • Ground Floor Studio Apartment
  • Own Entrance
  • Allocated Parking For One Vehicle
To be sold at online auction on 6th June at 4.00PM.



**ground floor studio apartment with own entrance and parking - cash buyers only** Studio Space, Separate Fitted Kitchen, Shower Room, Allocated Parking For One Car, Potential Gross Yield In Excess Of 10%.

Previously let for £130 Per Week, Excluding Bills. Tenancy Ending 11th April 2019.

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. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. 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. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. Please remember that the reservation fees are payable in addition to the asking price. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction. **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

Leasehold

Approximately 77 Years Remaining,

Maintenance Cost: £150 Per Calendar Month

Ground rent: £180 Per Annum

Cash Buyers Only

Previously Rented For £130 per week, excluding bills. Potential gross yield in excess of 10%.