Ground Floor Flat

Offering to auction, this two bedroom ground floor flat situated in Watchet, Somerset. The accommodation comprises an entrance hall, living room, kitchen, bedroom 1, bedroom 2 and a bathroom. The potential rental income for this property is £750 per month and £9,000 per year. This offers any prospective buyer a potential gross yield of 13.8% based on the guide price. Watchet is an historic harbour town with a modern marina, a good selection of shops and amenities, a surgery, nursery facilities and a primary school. The town is ideally placed between The Quantock Hills, Exmoor and The Bristol Channel, with easy access to the A39, Bridgwater and the M5 (North) and to the A358, Taunton, the A303 and the M5 (South). The near-by village of Williton has further good facilities including a middle school. Minehead, 15 minutes away, has a wider range of amenities, including a hospital and West Somerset College.

Tenure

Leasehold. 999 Years from 30 March 1990.

AUCTIONEERS NOTE

POTENTIAL YIELD: We have been advised by a local lettings agent that the potential monthly income is £750 and the yearly income £9,000. This offers a potential gross yield of 13.8% based on the guide price.

LEASE INFORMATION

999 Years from 1990 964 Unexpired years Ground Rent: Annual Payment of £25 Service Charge: One third liability for building maintenance and insurance.

ACCOMMODATION

Entrance Hall Living Room/Kitchen: 21' 10" x 11' 9" Bedroom One: 11' 2" x 9' 2" Bedroom Two: 11' 3" x 9' 10" Bathroom

VIEWINGS

Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing.

FULL DETAILS

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.

NOTICE TO BIDDER

Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Energy Efficiency Rating (EPC)

Current Rating F30

Local Authority

Somerset County Council

Solicitors

Ascent Legal, Ref: Property Sales Department, Tel: 0161 838 3105

Additional Fees

Buyer's Premium - £1560 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.